On September 17, KLA Corporation rose 3.24% in pre-market trading, trading at $172.71/share, with turnover of $2.1737 million, staging a technical rebound following a steep multi-day selloff.

On the news front, JPMorgan raised its wafer fabrication equipment market growth forecast, lifting its 2026 estimate from 28% to 31% ($163 billion) and its 2027 projection from 29% to 38% ($225 billion), providing fundamental support for the semiconductor equipment sector. KLA Corporation had been under significant pressure in recent sessions, falling 7.15% on September 14 amid UBS cutting its target price from $215 to $200 while maintaining a neutral rating, compounded by escalating US-China trade tensions and tightened semiconductor export controls.

Across the Semiconductor Equipment sector, a broad-based rebound is underway. Among individual stocks, AXT Inc up 5.75%, Lam Research up 3.78%, Teradyne up 3.41%, Applied Materials up 3.16%, and ASML Holding NV up 2.28%, reflecting strong sector-wide recovery momentum.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)