When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
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Lam Research (LRCX) concluded the recent trading session at $71.79, signifying a +0.81% move from its prior day's close.
Shares of semiconductor equipment supplier Lam Research (LRCX -4.83%) lost ground Thursday morning, and were trading down 4.7% as of 12:25 p.m. ET. This is notable as Lam is missing out on the rebound many stocks are experiencing following Wednesday's market rout.
LRCX breaks above its 50-day moving average, signaling momentum. Strong fundamentals and AI-driven growth justify holding the stock.
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For the better part of two years, the bulls have been running wild on Wall Street. While these gains can prominently be traced to the rise of artificial intelligence (AI), AI isn't the only catalyst responsible for sending the broad-market indexes to fresh highs.
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Lam Research Corporation (NASDAQ:LRCX ) Barclays 22nd Annual Global Technology Conference December 11, 2024 11:40 AM ET Company Participants Tom O'Malley - CFO Conference Call Participants Doug Bettinger - Barclays Doug Bettinger Safe harbor to keep my attorneys happy. I don't plan to say anything that I haven't said on public record before, so don't be disappointed with that.
Lam Research (LRCX) concluded the recent trading session at $77.45, signifying a +1.12% move from its prior day's close.
Lam Research's share prices are down 36% from July's all-time highs despite its Q3 results, presenting a buying opportunity due to its key role as a supplier for next-generation chip manufacturers. The company has solid financial metrics, with impressive top-line growth, asset optimization, and long-term profitability, despite the recent headwinds. LRCX remains a leader of the WFE market, with its strong moat and an outstanding client list that includes the world's largest chipmakers.
Lam Research Corporation (NASDAQ:LRCX ) UBS Global Technology and AI Conference December 3, 2024 4:15 PM ET Company Participants Doug Bettinger - Executive Vice President and Chief Financial Officer Conference Call Participants Tim Arcuri - UBS Tim Arcuri Okay, hello, I'm Tim Arcuri. I'm the semiconductor analyst here at UBS.