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0.00044954840819001 -4.08680371081405E-05 0 0.00110343700192084 -0.00286076259757239 -0.00613020556622665 0.00126690915035352 0.00130777718746177
Stock impact report

KLA Corp beats quarterly results estimates on strong chipmaking tool demand [Yahoo! Finance]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Yahoo! Finance
its chip fabrication tools used to manufacture ?advanced artificial intelligence semiconductors. A surge in demand for powerful processors, which fuel large ?language models and AI applications, has boosted spending on chipmaking equipment made by companies such as KLA. However, KLA's shares fell around 7% in extended trading despite the upbeat results. "The problem is that the stock ?had already sprinted into ?the print, hitting fresh highs with expectations that were arguably loftier than the published consensus," said Michael Ashley ?Schulman, chief investment officer of Running Point Capital Advisors. KLA faces an uncertain long-term outlook, with demand in China challenged due to government mandates on ?locally sourcing advanced chipmaking tech. Moreover, the U.S. has imposed restrictions ?on the export of advanced technology to China in an effort to prevent the Asian nation from using American tech to supercharge its military. "What KLA offered for the March quarter Show less Read more
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