---
title: "ARM, QCOM, KLAC stocks rise despite price target cuts by UBS amid chip stocks’ pullback"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293233631.md"
description: "Shares of ARM, Qualcomm, and KLA rose despite UBS cutting price targets amid a semiconductor sector pullback. UBS lowered ARM's target by over 20% but kept a 'Buy' rating, while maintaining 'Neutral' ratings for Qualcomm and KLA with modest cuts. Despite the reductions, all three stocks still imply upside from current levels. The moves follow recent pressure on chip stocks due to AI infrastructure spending concerns, though long-term value remains supported by strong demand."
datetime: "2026-07-20T15:23:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293233631.md)
  - [en](https://longbridge.com/en/news/293233631.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293233631.md)
generator: "portal-rs"
---

# ARM, QCOM, KLAC stocks rise despite price target cuts by UBS amid chip stocks’ pullback

ARM’s stock saw the largest price target cut, though UBS reiterated its 'Buy' rating and retained 'Neutral' ratings for both Qualcomm and KLA.

### Related Stocks

- [ARM.US](https://longbridge.com/en/quote/ARM.US.md)
- [KLAC.US](https://longbridge.com/en/quote/KLAC.US.md)
- [QCOM.US](https://longbridge.com/en/quote/QCOM.US.md)
- [QCMD.US](https://longbridge.com/en/quote/QCMD.US.md)
- [ARMU.US](https://longbridge.com/en/quote/ARMU.US.md)
- [QCML.US](https://longbridge.com/en/quote/QCML.US.md)
- [QCMU.US](https://longbridge.com/en/quote/QCMU.US.md)
- [ARMW.US](https://longbridge.com/en/quote/ARMW.US.md)
- [ARMG.US](https://longbridge.com/en/quote/ARMG.US.md)
- [UBS.US](https://longbridge.com/en/quote/UBS.US.md)

## Related News & Research

- [KLA Corporation $KLAC Stock Holdings Lifted by Knollwood Investment Advisory LLC](https://longbridge.com/en/news/298021836.md)
- [Premier Path Wealth Partners LLC Acquires 7,360 Shares of KLA Corporation $KLAC](https://longbridge.com/en/news/298020303.md)
- [Continuum Advisory LLC Buys 7,344 Shares of KLA Corporation $KLAC](https://longbridge.com/en/news/297881933.md)
- [Greenleaf Trust Grows Position in KLA Corporation $KLAC](https://longbridge.com/en/news/297418875.md)
- [KLA Corporation $KLAC Shares Bought by Mufg Securities Americas Inc.](https://longbridge.com/en/news/297400934.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**