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    • Lam Research

    Business

    Lam Research Projects Revenue Surge Amidst AI Demand

    Lam Research Corporation forecasts significant revenue growth for Q3, driven by surging demand for AI-powered chip technology. Expected revenue between $4.05 billion and $4.35 billion exceeds Wall Street estimates, as the semiconductor industry experiences robust growth amid the AI boom. Key players like Intel and TSMC are ramping up production, positioning Lam Research to capitalize on the evolving tech landscape.

    Posted on Jhon
    Business

    Lam Research Returns to Earnings Growth, Beats Expectations

    Semiconductor equipment supplier Lam Research (LRCX) has returned to earnings growth, surpassing expectations for its fiscal third quarter. Despite declining sales, the company reported an 11% increase in earnings compared to the previous year. Lam Research CEO Tim Archer expressed optimism about the company’s performance, highlighting its strong start in calendar 2024. Stay updated on tech industry news and stock updates by following Patrick Seitz on X, formerly Twitter, at @IBD_PSeitz.

    Posted on Jhon
    Business

    Mixed Movements in Latest Stock Market Session

    The stock market saw a mix of movements in the latest trading session. The S&P 500 closed at 4,732.00, marking a 0.74% increase, while the Dow Jones Industrial Average ended at 37,441.27, showing a slight decrease of 0.07%. Tech-heavy Nasdaq…

    Posted on Jhon