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Lam Research Stock Price Drops 2.4%: Why LRCX Slid Even as AI Chip Demand Held Up
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Lam Research Stock Price Drops 2.4%: Why LRCX Slid Even as AI Chip Demand Held Up
Lam Research shares fell 2.4% to $228.36 Friday amid a tech selloff that sent the Nasdaq down 2.01% as oil prices climbed and rate concerns mounted. Lam forecast March-quarter revenue of about $5.7 billion, above estimates, but flagged risks from trade regulations and heavy China exposure. Peers ASML and KLA also declined, while Applied Materials was flat. Lam and IBM recently announced a five-year chip technology collaboration. The post Lam Res…
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