KLA stock slides after-hours as chip gear names cool off; India R&D expansion in focus

8 January 2026

New York, Jan 7, 2026, 19:14 EST — After-hours

KLA shares were down about 2.5% in after-hours trading after a regular-session drop
The chip-equipment supplier on Wednesday announced a new R&D and innovation hub in Chennai
Traders are watching U.S. labor data on Friday and KLA’s late-January results window

KLA Corp shares fell about 2.5% to $1,359.69 in after-hours trading on Wednesday, tracking a late-day pullback in semiconductor equipment stocks.

Applied Materials, Lam Research and ASML also ended lower as the S&P 500 slipped and investors rotated back toward a narrow set of mega-cap AI names that lifted the Nasdaq, a Reuters report showed. Reuters

That matters for KLA because it sits in the middle of chip-factory spending: it sells process-control tools that inspect wafers for defects and help chipmakers keep yields up. When the market’s mood swings on rates or capex, the stock often moves with it.

Separately, KLA on Wednesday announced it had opened a Rs 300 crore ($36 million) R&D and innovation hub in Chennai, designed to hold up to 1,300 employees and expand its AI and software development work. “The new facility enables our teams to scale,” Dominic David, president of KLA India, said in a statement. The Economic Times

The stock’s drop snapped a three-day winning streak a day after it set a fresh 52-week high, according to MarketWatch data. Traders have been eyeing the recent peak near $1,407 as a near-term ceiling, with the $1,350 area now back in play after Wednesday’s slide. MarketWatch

Macro is the other moving part. Data on Wednesday showed U.S. job openings fell more than expected in November, and the Labor Department is due to publish December’s employment report on Friday, alongside other releases later this week that can sway bond yields. Reuters

Still, the big swing factor for KLA remains demand out of Asia — and the company’s exposure to China. KLA has previously warned that extended U.S. export controls could weigh on sales to certain customers in China, even as it pointed to AI-linked demand elsewhere. Reuters

Next up: KLA’s earnings update later this month, with market calendars pointing to Jan. 29. Investors will be watching order commentary, China-related headwinds, and whether margins hold as customers build capacity. Nasdaq

Khadija Saeed Latest posts

A dedicated markets reporter, she covers stocks, macroeconomics, and major business developments with a sharp eye for detail and accuracy.

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