This Chip Stock Could Be Resilient Against U.S. Export Bans to China; Is the Stock a Buy?
Share prices of chip fabrication equipment (CFE) company KLA Corp. (NASDAQ: KLAC) have held up remarkably well during the semiconductor industry slump. Share prices have fallen just 3% since the beginning of 2022, compared to a 12.5% stumble for the S&P 500 and 22.1% drop for the Nasdaq Composite indexes over the same time period. Recently, some CFE company investors (like those that own ASML Holding) have had some fears over U.S. export controls to China reigniting.