-11.76% to $230.15 from $260.81
What moved LRCX
- Lam Research reported fiscal first-quarter 2027 earnings of $2.20 per share on revenue of $8.22 billion, both ahead of estimates of $2.18 per share and $8.15 billion.
- Shares declined despite the beat, as investors cited broader concerns about the sustainability of AI-related capital spending across the semiconductor equipment sector.
- The drop came alongside a wider pullback in chip stocks tied to similar AI-spending concerns raised by Meta Platforms’ results the same day.
Sources: Chartmill · Investing.com
+6.98% to $288.11 from $269.31
What moved LRCX
- Lam Research led gains among chip-equipment makers, outpacing Applied Materials and KLA Corp, which also rose.
- No verified company release or fresh catalyst accompanied the move; the rally was described as money returning to a group that had been sold off sharply earlier in the month on AI-capital-spending concerns.
- The buying was narrowly concentrated in chip-equipment names rather than reflecting a broad semiconductor-sector move.
Sources: 24/7 Wall St
-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