KLA Stock Gains Amid Broad Semiconductor Rally, AI Demand

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.

Lam Research Stock Hits Longest Losing Streak Ever: Are There Buyers Around?

Lam Research stock is on track for a ninth straight loss, a first since 1984. Benzinga’s 22 analysts see a $346 average target and 26% upside.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Rising borrowing costs could pressure fab and AI infrastructure while straining customers budgets. Semiconductor stocks also faced pressure after South Korea’s Kospi index fell more than 7% overnight.

Shares of semiconductor and chip companies are trading lower amid elevated expectations for Fed rate hikes due to broader inflation and energy challenges. Higher borrowing costs may affect the sector's ambitious capex plans while also creating risks for customers, which may be reflected in lower demand.

Intel Stock Is Falling Thursday: What's Going On?

Intel (INTC) stock slips ~2% amid tech sell-off. CEO Lip-Bu Tan confirms Musk Terafab partnership remains active.

Intel’s Terafab Opportunity Gets Crowded: Musk Confirms Talks With Taiwan Semiconductor

Intel stock drops nearly 4% premarket as Elon Musk confirms preliminary discussions with Taiwan Semiconductor regarding the Terafab project.