KLAC
KLA Corporation Common Stock
stock NASDAQ

There are a lot of these that are trading really similar. The whole group that went on a run. They are all for the most part trading under the 50 day right now and heading for the 100. In fact sndk this tested the 100 exponential
Are any of you guys looking to buy The 100 on micron or KLAC or any of those if it gets tested?
SanDisk is probably the scariest one of the bunch. The earnings estimates are just on another planet. It's just a strategy of continuous price hikes

Not really. AMD still near 40. INTC 62. LRCX / KLAC 40+. MRVL 30+. Not super expensive, but nowhere near "extremely low" (NVDA is 16).

Interesting. But what if I told you it has actually been the weaker performer from industry peers?
The longer-term market-cap comparison is interesting.
Indexed to **100 from June 2021**:
* **ASML:** 263.4, \~ **+163%**
* **AMAT:** 428.5, \~ **+328%**
* **LRCX:** 533.3, \~ **+431%**
* **KLAC:** 531.4 \~ +$430% (Error showing on platform so approx)
ASML is still the largest company of the group at around **$685B**, versus approximately **$409B for LRCX, $396B for AMAT and $280B for KLAC**. But since June 2021, its market cap has grown much more slowly.
I am not saying that this makes the results weak.... i.e Revenue, margins, installed-base sales and guidance all exceeded expectations. But, it does seem, however, that a substantial amount of ASML’s technological dominance was already reflected in its valuation several years ago.
The real question is therefore not whether ASML is an exceptional company. we already know it clearly is. The question is whether today’s valuation offers better forward returns than the broader semiconductor-equipment companies that have already compounded at two to three times ASML’s rate over the same period.

Credit to twitter - [https://x.com/thebuildout\_co](https://x.com/thebuildout_co)
Most of the lists are stopping at Layer 1 the big guys, but the real value lives in really going much much deeper.
The big names might give us 1.2-1.5x, but there are some small caps name in there which I already found interesting that might really have a chance at going 5-10X
*510 publicly listed companies mapped by physical supply-chain layer. Software-only names excluded — this is the physical buildout. Tickers sorted by market cap.*
**LAYER 1/10 — COMPUTE & SILICON (105)**
* **Design the Chip (11):** ARM, MRVL, CDNS, SNPS, NVTS, AIP, CEVA, SVCO, QUIK, ATOM, IPWR
* **Build the Machines That Make the Chip (23):** ASML, AMAT, LRCX, KLAC, A, MTD, MKSI, ONTO, NVMI, CGNX, TKR, BRKR, NPO, ACMR, NOVT, ESAB, UCTT, IPGP, ACLS, VECO, ICHR, BHE, ASYS
* **Give the Machines the Raw Materials (28):** LIN, APD, Q, PPG, VLTO, ENTG, DOW, DD, GGG, SOLS, ESI, MTRN, CE, CBT, AVNT, CECO, CC, AXTI, OLN, HUN, USAR, PLAB, LWLG, ONT, GSM, LXFR, ASPI, BSIN
* **Manufacture the Chip (11):** TSM, STM, UMC, GFS, TSEM, VSH, DIOD, LASR, PDFS, SKYT, KOPN
* **Package the Chip (15):** ASX, EMR, TER, AMKR, FN, NDSN, TTMI, FORM, RAL, CAMT, KLIC, COHU, ROG, AEHR, SHMD
* **The Finished Chip (17):** NVDA, AVGO, AMD, INTC, TXN, QCOM, NXPI, CBRS, MCHP, ON, TDY, LSCC, ARW, ALGM, MXL, SLAB, AVT
**LAYER 2/10 — SERVERS, RACKS & NETWORKING (69)**
* **Assemble the Server (15):** DELL, HPE, ROK, FLEX, CLS, JBL, CW, HPQ, SNX, SMCI, SANM, PLXS, MRCY, TSSI, LTRX
* **Memory for the Server (4):** MU, RMBS, PENG, NLST
* **Storage for the Server (6):** SNDK, STX, WDC, NTAP, P, SIMO
* **Power Regulation for the Server (12):** ADI, MPWR, HEI, VICR, LFUS, POWI, BELFB, KN, WOLF, VPG, AOSL, RELL
* **Transmit the Data (11):** GLW, CIEN, LITE, KEYS, COHR, CRDO, MTSI, SMTC, VIAV, AAOI, FABC
* **Keep the Server in Sync (2):** SITM, SWKS
* **Connect Servers to Other Servers (9):** CSCO, ANET, ALAB, NOK, FFIV, IESC, LUMN, DGII, ADTN
* **Run the Cables (10):** APH, MMM, TEL, WCC, BDC, UNIT, PLPC, CLFD, RFIL, OCC
**LAYER 3/10 — POWER & COOLING SYSTEMS (48)**
* **Cool the Chips (7):** PH, ECL, AME, DOV, IEX, HLIO, KULR
* **Cool It Down (27):** TT, JCI, HON, CARR, FERG, IR, XYL, MAIR, MOD, CR, MLI, AIT, WTS, SPXC, DCI, AAON, FLS, ZWS, GTES, GTX, ATMU, DXPE, HTO, GRC, NWPX, AIRJ, AP
* **Power the Server & the Room (14):** ETN, VRT, NVT, RRX, AEIS, POWL, ENS, ST, ATKR, SHLS, ALNT, MEC, MEI, NNBR
**LAYER 4/10 — THE BUILDING (59)**
* **Build the Building (47):** CRH, URI, NUE, MTZ, AMRZ, OTIS, STRL, JLL, J, LECO, SWK, RPM, TRMB, ALLE, WLK, OSK, ACM, TTEK, STN, SSD, FLR, CMC, AWI, PSN, ROAD, GVA, HRI, TEX, CIGI, WSC, KNF, AZZ, TPC, TTAM, MGRC, WOR, TH, TIC, ICFI, WLDN, ORN, BBCP, BWMN, MTW, TBI, VATE, SLND
* **Wire Up the Building (12):** FIX, EME, APG, DY, AYI, CNM, ECG, MYRG, LGN, PRIM, LMB, OESX
**LAYER 5/10 — ON-SITE POWER (25)**
* **Secure the Power (25):** TSLA, CAT, CMI, BE, BKR, WWD, GNRC, BWA, KGS, FELE, SEI, LBRT, FLNC, CYD, PUMP, EOSE, FCEL, HYLN, NRGV, NKLR, PKOH, TGEN, FTEK, PPSI, GWH
**LAYER 6/10 — GRID CONNECTION (13)**
* **Deliver the Power (13):** PWR, ABB, SRE, EXC, PEG, CNP, HUBB, VMI, ACA, SXI, CTRI, CTOS, AMSC
**LAYER 7/10 — POWER GENERATION (62)**
* **Generate the Power (62):** GEV, NEE, HWM, SO, DUK, CEG, AEP, D, VST, ETR, XEL, PCG, WEC, DTE, AEE, NRG, EIX, FE, PPL, FSLR, CMS, NI, EVRG, LNT, TLN, BWXT, NXT, PNW, AES, OGE, BEP, AGX, OKLO, IDA, FRVO, CWEN, ORA, TXNM, POR, ENPH, BKH, HASI, NWE, MDU, TAC, MIR, AVA, SMR, RNW, BW, AMRC, TE, CSIQ, ARRY, NNE, HNRG, IMSR, MTRX, XE, NPWR, BWEN, FTCI
**LAYER 8/10 — FUEL & RAW INPUTS (73)**
* **Fuel & Raw Inputs (73):** XOM, CVX, BHP, UNP, RIO, SCCO, ENB, WMB, FCX, KMI, SLB, TRP, ET, VALE, MPLX, OKE, OXY, MT, CCJ, VMC, MLM, STLD, EQT, TECK, CRS, PBA, DVN, ATI, L, EXPD, SQM, RS, ALB, DTM, AA, TFII, WTRG, GTLS, HBM, MP, GGB, TTC, RRC, KEX, UGI, LSTR, FSS, EXP, NXE, SBSW, CLF, UEC, OGS, CENX, MWA, CRK, CLMT, HP, LEU, USAC, KMT, NEXT, WS, DNOW, RYZ, CRML, URG, MG, PPIH, MMLP, ATLX, WWR, ATCX
**LAYER 9/10 — OWN & OPERATE THE DATA CENTER (35)**
* **Own the Real Estate (14):** BX, PLD, EQIX, AMT, BAM, DLR, IRM, TPL, SBAC, CORZ, TRNO, GDS, LB, NMRK
* **Operate the Data Center (21):** KKR, CBRE, BIP, HUT, WULF, CIFR, APLD, GLXY, RIOT, GXO, MARA, CLSK, CWK, BTDR, DBRG, KEEL, KD, ABM, VNET, WYFI, CCOI
**LAYER 10/10 — RUN THE WORKLOAD (21)**
* **Run the Workload (21):** GOOGL, MSFT, AMZN, META, ORCL, NET, NBIS, CRWV, BCE, AKAM, TU, IREN, DOCN, HII, SAIC, HIVE, BTBT, UIS, CHRN, AGPU, MOVE

Since 2026, the Philadelphia Semiconductor Index (SOX) has surged by about 82%, while Nvidia has only risen by about 3% since the beginning of the year, showing a huge gap between the two. This means that the engine of the market has changed - it is no longer Nvidia leading the flag alone, but more extensive semiconductor sub sectors such as storage chips (SK Hynix, MU) and equipment stocks (Applied Materials, KLAC) are driving it.