KLA Corporation (KLAC) Is One Of The Most Important Companies In America, Says Jim Cramer

We recently published 11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising. KLA Corporation (NASDAQ:KLAC) is one of the stocks Jim Cramer recently discussed.

KLA Corporation (NASDAQ:KLAC) is a semiconductor manufacturing equipment provider whose machines are used throughout the manufacturing process. Some regions where its products are used include measuring chip defects and ensuring that the wafers and the machines are aligned properly. KLA Corporation (NASDAQ:KLAC)’s shares have gained 44% year-to-date due to a 31% jump since early May. The stock has performed well due to robust earnings and positive analyst sentiment. Cramer’s previous comments about KLA Corporation (NASDAQ:KLAC) have called the firm the “brains” behind the semiconductor industry. Here are his recent thoughts:

“AMAT is about to have a renaissance. Because our companies are really, KLA, most importantly, Tim Archer at Lam, this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”

In his previous comments, Cramer discussed KLA Corporation (NASDAQ:KLAC)’s advantages in the global industrial equipment manufacturing industry:

“People think we don’t make anything in this country, but KLA proves them wrong. They make the most sophisticated equipment in the world and export 88% of their products. This is where the real intellectual property resides—this is what we do best in America.”

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Disclosure: None. This article is originally published at Insider Monkey.