Why Semiconductor Equipment Stocks Applied Materials, Lam Research, and KLA Corp. Rallied Today

Shares of semiconductor equipment giants rallied big on Thursday, with Applied Materials (NASDAQ: AMAT), Lam Research (NASDAQ: LRCX), and KLA Corporation (NASDAQ: KLAC) jumping 4.5%, 4%, and 4.3%.These three stocks collectively account for much of the large oligopoly in semiconductor equipment, and each stock has had excellent long-term returns as a result. However, the near-term picture hasn't been as good, with each down between 20% and 32% from their summer highs.But could that pullback be ending as of today? On Thursday, these stocks got a big boost following Taiwan Semiconductor Manufacturing's (NYSE: TSM) fourth-quarter earnings release in which TSMC forecast higher-than-expected capital expenditures for the coming year, supporting what it sees as a massive five-year growth cycle ahead. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool