Why KLA Stock Crushed It This Week
KLA (NASDAQ: KLAC), a company that makes crucial equipment for the manufacturing of microchips, was producing some tasty gains for its shareholders this week. These are frothy times for U.S. chip companies, and by extension, KLA should do well too. Over the course of the past few days, two bullish new takes from analysts bolstered the buy case for this company in particular.
According to data compiled by S&P Global Market Intelligence, KLA's share price increased by nearly 13% over the course of the week on these tailwinds.
Both of those prognosticator updates were published before the market open on Monday, helping to set the bullish tone for KLA stock in the subsequent days.
Source Fool.com
