BUZZ-Citi lifts PT on semiconductor equipment makers, shares rise

KLA
Applied Materials, Inc.
Lam Research Corporation

KLA

KLAC

0.00

Applied Materials, Inc.

AMAT

0.00

Lam Research Corporation

LRCX

0.00

** 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


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