BUZZ-PREVIEW: <a href="https://laohu8.com/S/KLAC">KLA</a> Corp stock jumps ahead of qtrly results** KLA Corp KLAC.O shares rallying about 4% to record high on Weds ahead of qtrly results due after the bell, as investors focus on AI-driven chip equipment demand and ongoing China export risks
** Co faces risk from potential broader U.S. bans on chipmaking tool sales to China, which was its largest revenue driver last qtr
** Analysts expect qtrly rev up 12% to $3.17 bln, adj EPS seen at $8.61 vs $7.33 yr-ago, per LSEG
** KLAC stock has nearly doubled YTD, far outpacing Nasdaq's .IXIC roughly 24% rise
** Stock recently at 33x expected earnings, well above 5-yr avg forward PE of 21
(Reporting by Noel Randewich)
((noel.randewich@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.