Lam Research Stock Is Gaining Friday: What's Going On?
Lam Research stock gains 1.4% as tech shares rally. Strong AI-driven Q4 earnings and Q1 guidance keep LRCX momentum solid.
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What's Going On With Lam Research Stock Thursday?
LRCX stock holds near $313 support as analysts maintain Buy ratings and Lam Research expands its global chip workforce.
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Lam Research (LRCX) Rises Higher Than Market: Key Facts
Lam Research (LRCX) closed at $292.66, up 1.51%, outperforming the S&P 500's 1.06% gain. The semiconductor equipment maker is expected to report strong earnings with EPS forecasted at $2.15 (up 70.63% YoY) and quarterly revenue of $8.1 billion (up 52.1% YoY). The stock holds a Zacks Rank #2 (Buy) rating with a Forward P/E of 30.91, trading at a discount to its industry average of 33.57.