Semiconductor equipment stocks climbed following SanDisk's 2026 Investor Day, where it projected mid-to-high teens revenue growth and strong margins through 2030, signaling sustained memory capital spending. SanDisk's contracts with major customers and advancements in NAND technology underpin this outlook, boosting confidence in wafer starts and equipment demand. Lam Research, Applied Materials, and Camtek also saw gains, benefiting from exposure to NAND, advanced packaging, and AI accelerator demand. Applied Materials' upcoming earnings report will be closely watched for further validation of the memory supercycle thesis.
Chip equipment stocks, led by Lam Research's 5% rise, outperformed the broader semiconductor sector on Friday. Applied Materials and KLA Corp. also gained 4% and 3%, respectively, as investors focused on the tools layer, which reflects future chipmak...
Steve Eisman recommends investing in chip suppliers like Micron, SK Hynix, ASML, KLA, Lam Research, and Applied Materials rather than chip designers amid the AI arms race. These suppliers have outperformed Nvidia in 2026, benefiting from strong AI-dr...
