$KLA(KLAC.US) +12%, $ACM Research(ACMR.US) +14%, $Maxlinear(MXL.US) +12% — on the same day, three semiconductor equipment analysts collectively raised their price targets: Cantor Fitzgerald raised the target for $KLA(KLAC.US) from 250 to 325, and Bank of America followed suit; Morgan Stanley raised the target for $ACM Research(ACMR.US) from 90 to 130, with Roth Capital simultaneously raising it from 100 to 125; Stifel raised the target for $Maxlinear(MXL.US) from 105 to 110.

An additional driver for $KLA(KLAC.US) is 40.8 million shares of short interest + the company's guidance for "advanced packaging process control revenue of approximately $10 billion by 2026"; $ACM Research(ACMR.US) was added to the Russell 2500/3000 Growth index again on 6/27, leading to passive fund buying that week; $Maxlinear(MXL.US) is a continuation of Q1 revenue growth of +43% YoY and new AI data center products. All three are essentially betting on the second wave of the AI computing power chain of "advanced packaging + high-bandwidth memory + data center connectors." Analysts are recalibrating pricing, making them more worth chasing than just looking at the price.