🔴 KLA is trading 6.1% down today after Intel’s weak quarterly forecast

KLA is trading at $157.59, down 6.06%, as semiconductor stocks sell off following Intel’s weak quarterly forecast and warnings about PC-market softness.

• Reuters reported broad chip-stock declines after Intel’s outlook; SOXX was down 8.5% in mid-day trading.
• KLA’s recent earnings beat and stronger guidance were positive but do not explain the October 30 drop.