KLA Corp. stock slides 2.92%, snapping two-day winning streak

11 articles · Updated · MarketWatch · May 7

It closed at $1,763.25 as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97.
KLA ended 9.08% below its 52-week high of $1,939.36 set on 24 April, while trading volume reached 1.2 million shares, above its 50-day average.
Despite the decline, KLA outperformed some peers, with Applied Materials down 4.19%, Analog Devices 1.71% lower and Marvell Technology falling 7.05%.

KLA's stock fell despite its key role in the AI boom. Is its high valuation finally becoming too risky for investors?

Competitors are targeting the advanced packaging market. Can KLA defend its leadership in this critical AI growth sector?