KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.

KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.

With relative calm in Iran, investors will be able to gnaw on something new next week, as earnings season starts with mostly financials reporting. Some of the big news will come from Goldman Sachs (GS), JPMorgan Chase (JPM), Citigroup (C), Wells Fargo (WFC), BlackRock (BLK), Morgan Stanley (MS), Bank of America (BAC), PNC Financial (PNC), Charles Schwab (SCHW), and Bank of New York Mellon (BK). A few semiconductor companies will also release results. Semis have exploded, with the VanEck Semi ETF (SMH) soaring 19% over the past seven days, the largest seven-day jump since after the 2022 bear market.

Wall Street is focused on rotation. Mag7 was in, now is out, but remains "in mind" for most investors. So which companies and which sectors are rising to the top so far this year in what has been a volatile start to 2026? We used our Argus screening tool to see which stocks are trading the most above their 52-week low. The sectors and companies that appear below give us clues about which sectors are weathering the current rocky conditions the best, and which might continue to do so if conditions remain challenging. The results show that there has been rotation, but often within the Information Technology sector, as IT remains the group with the most companies represented. Here are the stocks in the Argus coverage universe that are riding the rotation merry-go-round, with the percentage above their 52-week low also noted.