KLA stock drops for fourth day as chip-tool sector selloff deepens; what to watch next for KLAC
KLA shares fell 3.6% to $1,307.22 Wednesday, extending a four-day slide and leaving the stock nearly 23% below its Jan. 29 peak. The Philadelphia Semiconductor Index dropped 4.4% as AI-related tech stocks sold off sharply. Trading volume in KLA spiked above average. Investors are watching sector earnings and macro data for signs of direction.