KLA stock price holds near fresh highs after TSMC capex jolt; analysts lift targets ahead of earnings
NEW YORK, Jan 17, 2026, 4:43 PM EST — Market closed
KLA Corp shares (KLAC.O) closed Friday at $1,567.82, marking a 1.48% gain following a 7.70% surge on Thursday. During the session, the stock hit a peak of $1,581.34. (Investing)
The latest surge came as investors piled into chip-equipment stocks following Taiwan Semiconductor Manufacturing Co’s record profit report and its plan to spend $52 billion to $56 billion on capital expenditures in 2026. TSMC also projected revenue growth near 30% this year. CEO C.C. Wei admitted the company was “very nervous” about the hefty investment. (Reuters)
Semiconductor tool shares saw this as a clear demand boost. ASML’s market cap topped $500 billion on Thursday, with its…
