JPMorgan upgrades Meta, names KLA top chip equipment stock amid AI reshuffling

JPMorgan has upgraded Meta Platforms $META as part of a broader reassessment of artificial intelligence exposure, while naming KLA Corporation $KLAC as its top semiconductor equipment pick.

The analyst moves reflect shifting views on which companies will benefit most from the AI infrastructure buildout. Semiconductor equipment makers are increasingly seen as key plays on sustained AI capex cycles. #ai #technology #semiconductors