KLA Corporation stock surges on $7 billion buyback announcement and 21% dividend hike amid AI chip boom

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KLA Corporation announced a significant $7 billion share repurchase program and a 21% increase in its quarterly dividend, signaling strong confidence in its leadership in semiconductor process control. This move comes at a crucial time as advanced packaging technologies become essential for next-generation AI chips, fueling demand for KLA’s inspection and metrology tools. The capital return strategy underscores the company’s robust cash generation and positive outlook on long-term demand from hyperscalers and foundries investing in AI infrastructure.

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