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Lam Research (NASDAQ:LRCX) Trading Up 7.9% – Should You Buy?
['Sarita Garza']
Markets Daily
Lam Research Corporation (NASDAQ:LRCX – Get Free Report)’s share price rose 7.9% during mid-day trading on Tuesday .
Key Lam Research NewsHere are the key news stories impacting Lam Research this week:Get Lam Research alerts:Positive Sentiment: Lam Research’s latest results showed record performance, with quarterly revenue of $6.72 billion, up 30% year over year, and adjusted earnings per share of $1.82, exceeding consensus expectations of $1.69.
Expanding AI data centers require more processors and memory, potentially driving additional semiconductor-fabrication equipment purchases from Lam Research and its peers.
Expanding AI data centers require more processors and memory, potentially driving additional semiconductor-fabrication equipment purchases from Lam Research and its peers.
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