KLA Corp stock falls 3.63% and underperforms rivals

9 articles · Updated · MarketWatch · Apr 30

Shares closed at $1,750.35 on Thursday as the S&P 500 rose 1.02% and the Dow gained 1.62% in a broadly positive market session.
KLA lagged peers including Applied Materials, up 3.11%, Analog Devices, up 3.33%, and Marvell Technology, up 5.48%.
The stock finished 9.75% below its 52-week high of $1,939.36 set on 24 April, while trading volume of 1.9 million topped its 50-day average.

KLA's earnings beat expectations, so why did its stock plunge while competitors soared?

With U.S. export controls tightening, can KLA defend its market dominance from China's rising tech ambitions?