Advanced Packaging and HBM Boom: Jefferies Upgrades KLA Corp to Buy with a Price Target of $1,500 (+25%). AI CapEx as Long-Term Tailwind

KLA Corp (KLAC) clearly benefits as a provider of process control solutions for the semiconductor industry in the AI era. The company celebrated solid revenue growth of nearly 13% in its September quarter (Q1 FY2026), driven mainly by three powerful factors: AI-driven expansion in leading-edge logic, the boom in high-bandwidth memory (HBM), and the rapid rise of the advanced packaging segment, which has become a real game changer. AI infrastructure investments are exploding, leading to a flood of new designs: more complexity, shorter cycles, and...