Chip Equipment Shares Extend Historic Losing Streaks
Lam Research fell 3.5% and KLA dropped 2.8% Friday, as both headed for consecutive daily declines amid concerns over AI spending.
By Ty RoushShares of chip-equipment makers headed for historic losing streaks on Friday, dragged down by concerns about the hot pace of artificial-intelligence spending.Lam Research fell 3.5% and KLA dropped 2.8%, putting both stocks on pace for their 10th consecutive daily decline. The streaks wou…