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With a market cap of $105.9 billion, Lam Research Corporation (LRCX) is a leading global supplier of advanced wafer fabrication equipment and services for the semiconductor industry. With core strengths in nanoscale applications, plasma, fluidics, and advanced systems engineering, Lam supports top semiconductor manufacturers with deposition, etch, and cleaning solutions.
Shares of the Fremont, California-based company have underperformed the broader market over the past 52 weeks. LRCX stock has decreased 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 9.8%. However, shares of Lam Research are up 14.6% on a YTD basis, outpacing SPX's marginal decline.
