KLA Corporation (NASDAQ:KLAC) is one of the
Goldman Sachs AI Stocks: Top 12 Stocks to Buy. On March 12, 2026, Reuters reported that KLA Corporation (NASDAQ:KLAC) announced a $7 billion share buyback program and increased its quarterly dividend by 21% to $2.30 per share from $1.90, adding to its existing $3.94 billion repurchase authorization through December 31, 2025. The corporation reiterated its March-quarter forecast, estimating revenue of $3.35 billion, plus or minus $150 million, and adjusted earnings per share of $9.08, plus or minus $0.78.
KLA Corporation (NASDAQ:KLAC) benefited from high demand for semiconductor production tools, as chipmakers increased orders to support AI processors and memory chips. The firm previously outperformed Wall Street’s projections for second-quarter revenue and earnings due to substantial AI infrastructure investment. As of March 12, 2026, shares are up more than 20% this year after rising over 93% last year, supported by continued spending on data centers and chip production capacity.
Photo by Christian Wiediger on Unsplash
KLA Corporation (NASDAQ:KLAC) provides process control and yield management solutions to the semiconductor and related nano-electronics industries. The company’s divisions include Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display, and Component Inspection.
While we acknowledge the potential of KLAC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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