KLA Corporation (KLAC) Jumps 6.6% on Micron's AI Capex Signal

Shares of KLA Corporation (NASDAQ:KLAC) surged 6.6% on May 27 after Micron Technology’s upbeat outlook signaled AI-driven chip demand remains structurally undersupplied, a boon for semiconductor equipment makers. UBS estimated Micron will invest more than $50 billion in capacity over the next five years, generating billions in equipment orders for tool suppliers like KLA. The logic: every dollar of additional chipmaker capex flows to companies that supply manufacturing and inspection tools. The rally pushed KLA shares to a 52-week high of $2,017, extending its year-to-date gain to 58.3%. The stock has experienced 20 daily moves exceeding 5% in the past 12 months, reflecting elevated volatility in the semiconductor equipment space.