SweetBunFactory KLA Corporation (NASDAQ:KLAC) has just published its quarterly earnings results. It reported GAAP net income of $582.5 million and GAAP earnings per diluted share of $4.28 on revenue of $2.49 billion. According to Rick Wallace, the results were well ahead of the expectations. However, the company’s indicators still seem to be lower compared to…
Anastasiia Burlakova/iStock via Getty Images Onto Innovation (NYSE:ONTO) announced on August 10 its Q2 2023 earnings to much fanfare. Its Q2 Non-GAAP EPS of $0.79 missed by $0.05. Revenue of $190.66M (-25.6% Y/Y) missed by $12.34M. The stock is currently trading flat since the call because of hyperbole surrounding its AI (artificial intelligence) efforts, which…
Vertigo3d I have mentioned many times in my other articles that artificial intelligence (“AI”) is an over-popular and overcrowded sector right now. It seems to be a speculative bubble. Although many investors would disagree with me, I still think that larger companies in this field are more overvalued than smaller ones. Although KLA Corporation (NASDAQ:KLAC)…