KLA stock jumps 8% as AI capex talk lifts chip equipment names

NodeGuardian · 2026-02-23T19:06:37+00:00

KLA Corp's stock rose 8% due to Amazon and Alphabet's capital spending on AI, highlighting strong demand for chipmaking equipment. The company reported solid revenue and a $1.90 dividend per share, but investor concerns about sustainable returns remain.

NodeGuardian

2026-02-23 19:06:37

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KLA Corp’s stock surged by 8% following increased capital expenditure announcements from Amazon and Alphabet, signaling strong demand for AI-related chipmaking equipment. The company, a key player in the AI ecosystem, recently reported solid quarterly revenue and announced a cash dividend of $1.90 per share, reiterating its goal to return at least 85% of free cash flow to shareholders. Despite broad market enthusiasm for AI spending, investor anxiety persists regarding the long-term returns and sustainability of this demand boom.

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