Citi lifts PT on semiconductor equipment makers, shares rise

KLA

17/06/2026 13:36

** Shares of semiconductor equipment makers Applied Materials AMAT.O, KLA Corp KLAC.O and Lam Research LRCX.O rise between 2.4% and 3% premarket 
** Citigroup raises PT of AMAT to $710 from $550, KLAC to $290 from $206.40 and LRCX to $450 from $315
** Rise in agentic AI is driving surge in high-bandwidth memory demand as industry grapples with supply crunch - Citi
** Brokerage expects chipmaking tools market to reach ~$250 bln by 2028 
     

 (Reporting by Anzar Mehraj in Bengaluru)
 ((Anzar.Mehraj@thomsonreuters.com))