Lam Research drops with chip-equipment peers on AI spending doubts
-0.96% to $270.87 from $273.49
What moved LRCX
- Lam Research shares dropped Tuesday, giving back some of a large 2026 gain, as investors questioned whether AI infrastructure spending will convert into chipmaking tool orders as quickly as currently priced into the stock.
- The decline tracked a broader selloff in semiconductor-equipment names including Applied Materials and KLA, part of a wider technology retreat as Treasury yields surged to multi-year highs.
Sources: 24/7 Wall St. · CNBC