Lam Research (LRCX) Is Up 6.1% After AI-Fueled Beat And Raised Chip-Equipment Outlook
• Lam Research (LRCX) shares rose 6.1% following a quarterly report showing 24% year-over-year revenue growth and earnings that exceeded company guidance. • The company raised its outlook for wafer fabrication equipment demand, citing a surge in orders driven by artificial intelligence infrastructure. • Growth is further supported by expanding partnerships focused on increasing semiconductor manufacturing onshore within the United States.
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