In its Q2 2026 investor letter, Spyglass Capital Management's Growth Strategy identified MKS Inc. (NASDAQ:MKSI) as a significant new position and contributor. The firm noted MKS's leading position as a semiconductor capital equipment components supplier, holding top market share in products essential for wafer fabrication equipment (WFE).

Spyglass projects WFE spend to increase from approximately $110 billion in 2025 to $175 billion or more by 2027, driven by AI advancements. Additionally, the shift towards chiplets and high-bandwidth memory is expected to boost demand for advanced packaging, an area where MKS is a leader in laser via drilling and electroplating chemistry. MKS Inc. closed at $293.30 per share on July 30, 2026, having gained 216.23% over the past 52 weeks, despite a -19.77% return in the last month.