KLA: Why the Pullback in the Leading Long-Term Stock is a Buying Opportunity

KLA (KLAC) is currently the most exciting long-term performer among semiconductor equipment suppliers for me. The stock has come down about 40% from its all-time high, but operationally, there is much evidence that KLA is among the most attractive "picks-and-shovels” stocks of the AI boom. CEO Rick Wallace emphasized: "KLA wins, no matter who wins. It doesn’t matter which hyperscaler succeeds, which semiconductor company prevails, or which processor comes out on top. Without process control, it doesn’t work.” For me, the technological...