Semiconductor equipment company KLA Corp. (NASDAQ:KLAC) impressed Wall Street after it reported "strong" first-quarter results and guidance, though concerns popped up as demand from China helped aid the quarter, an event that may not be sustainable.

Citi analyst Atif Malik said the company's management team conceded that demand out of China is likely to "moderate," though they still expect it will be consistent in 2024.

KLA Corp. impresses Wall Street with 'strong Q1,' though China concerns arise comes via ChinaTechNews.com.