On July 13, KLA fell 3.9% in pre-market trading, trading at $222.0/share, with turnover of $1.8289 million.

On the news front, the previously popular buy chips, sell software crowded trade is showing signs of unwinding, with the Philadelphia Semiconductor Index having declined approximately 12% in July. The shifting AI narrative continues to weigh heavily on semiconductor equipment stocks. Within the sector, Applied Materials fell 4.15%, Lam Research fell 4.31%, Teradyne fell 4.08%, and AXT Inc fell 4.75%, reflecting broad-based weakness across equipment names.

Morgan Stanley had previously raised its price target on KLA from $190 to $274, representing a 44% upside adjustment, and projected the wafer fab equipment market to reach $200 billion by 2027 and $227 billion by 2028. However, short-term industry-wide selling pressure continues to dominate price action, with the stock having experienced violent multi-day swings including a 9% drop and an 8% rebound in recent sessions.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)