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Why KLA Stock Dropped Today

TheMotleyFool

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KLA (NASDAQ: KLAC), one of a handful of large companies manufacturing equipment for the production of semiconductors, tumbled 8% through 2:40 p.m. ET Friday afternoon.

The reason: One of KLA's big rivals, Applied Materials (NASDAQ: AMAT), just warned there's big trouble brewing in semiconductors.

Image source: Getty Images.

Source Fool.com

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