The Latest Breaking News from LRCX

Despite Lam Research's underperformance over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

March S&P 500 E-Mini futures (ESH25) are down -0.15%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.27% this morning as market participants braced for the Federal Reserve’s interest rate decision and U.S. megacap tech earnings.

The Biden administration is implementing its third crackdown on China's semiconductor industry, imposing export restrictions on 140 Chinese entities and limiting Beijing's access to advanced technologies. Stock prices for companies like Nvidia, Lam Research Corp, and KLA Corp are affected.

While Lam Research has underperformed the broader market over the past year, analysts hold a cautiously optimistic outlook for the stock's future.

The Republican representative from Georgia just loaded the boat on semiconductor stocks.

Lam Research is all set to release its first-quarter earnings later this month, and analysts expect a double-digit profit increase.

The semiconductor market is thriving due to high demand from industries like consumer electronics and medical applications, government support, increased R&D funding, and innovations in chip design, driving significant growth. Amid this backdrop, it could be wise to watch strong semiconductor equipment stocks: Lam Research (LRCX) and Applied Materials (AMAT).…

It’s time to eye these strong AI stocks now.

As Fed Chair Powell might say, the semiconductor sector's recent pullback represents a recalibration rather than the start of a downturn. With foundational support from AI advancements and a stabilizing economy, investors might want to buy the dip on these chip stocks.