KLA stock jumps nearly 5% as Micron’s $24 billion Singapore plan lifts chip-equipment shares
KLA shares rose 4.6% to $1,613 in midday New York trading Tuesday, tracking gains across chip-equipment makers after Micron announced a $24 billion Singapore factory. The Philadelphia Semiconductor Index advanced 2.7%. Investors await the Federal Reserve’s policy decision Wednesday and KLA’s earnings report Thursday for signals on sector demand.