KLA Jumps After 10-for-1 Stock Split; AI Chip Boom Lifts Hopes on Tools
KLA Corporation finished Friday at $254.54, gaining 5.55%. Shares started at $237.60 and hit a session high of $254.93. The stock, which is in the Nasdaq-100 and S&P 500, has surged about 19% in two days after its split adjustment. The rally comes as investors reprice chip-equipment makers linked to AI demand. Stocks go up when buyers pay more for future earnings, cash flow or growth, and fall when those expectations drop or valuations get too high.
