Why KLA Corporation (KLAC) Shares Are Plunging Today

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Summary 1: KLA Corporation’s stock dropped 7.6% after reporting Q2 results and providing weak guidance, citing uncertainties in the WFE business. The company expects topline weakness to bottom in March, with sequential growth anticipated in June and throughout the year. WFE demand is projected to reach mid to high $8 billion range in 2024. The market may be overreacting, as big drops present buying opportunities for high-quality stocks.

Summary 2: KLA Corporation’s shares have been volatile, with today’s move indicating the market considers the news meaningful but not fundamentally changing its perception of the business. The stock had a 5.4% gain 6 months ago after reporting strong Q2 earnings. It is up 8.4% year-to-date, trading close to the 52-week high. Buying $1,000 of KLAC shares 5 years ago would now be worth $5,975.

Summary 3: Investors should consider adding KLA Corporation to their watchlist to receive timely stock move explanations, as the company’s stock tends to move more than 5%.



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