KLA and Lam Research Tumble Along With ASML as Analysts Worry About China Sales

Key Takeaways Shares semiconductor equipment makers KLA Corp, Applied Materials, and Lam Research suffered the S&P 500's steepest losses on Tuesday. Analysts at Raymond James lowered their price targets for all three stocks and raised concerns about near-term demand from China. The stocks also came under pressure as ASML provided a weak forecast and following reports the U.S. is considering export restrictions to certain countries. Shares of semiconductor equipment makers KLA (KLAC), Applied Materials (AMAT ...