On August 27, KLA Corporation rose 3.08% in pre-market trading, trading at $189.57/share, with turnover of $835,900. The rally was driven by Goldman Sachs significantly raising its global semiconductor equipment spending expectations, combined with institutional research highlighting enhanced allocation value in the semiconductor equipment sector following July corrections.

Goldman Sachs raised its 2026-2028 global wafer fabrication equipment (WFE) spending forecasts to $150 billion, $218 billion, and $281 billion respectively, with corresponding year-over-year growth rates revised up to 36%, 45%, and 29%. The upgrade was triggered by above-expectation capital expenditure data from semiconductor companies during the Q2 earnings season, alongside more optimistic forward guidance from equipment manufacturers. Goldman Sachs expects the semiconductor equipment upcycle to extend through 2028, with order visibility set to improve further.

The broader semiconductor equipment sector rallied in sympathy, with MKS Instruments up 3.76%, Teradyne up 3.37%, Lam Research up 3.11%, Applied Materials up 2.58%, and ASML up 1.68%, reflecting strong sector-wide momentum.

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