Why KLA Stock Triumphed on Thursday

Given how KLA (NASDAQ: KLAC) stock performed on the market Thursday, the company probably doesn't want the trading week to end. Its shares zoomed nearly 6% higher in price, thanks largely to a promising new deal in the chip industry. That rise was notably steeper than the S 500 index's 0.7% increase.

Even by the standards of the microchip business, the deal announced between Nvidia and is significant. The former is investing a cool $5 billion in the latter, and the two will collaborate on a series of products and projects.

Image source: Getty Images.

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Source Fool.com