Lam Research Corporation (LRCX)
Market Closed
12 Aug, 20:00
$
326. 11
+14.7
+4.7205%
$
389.36B Market Cap
34.26 P/E Ratio
9.2% Div Yield
7.23M Volume
29.16 Eps
$ 311.41
Previous Close 
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Lam Research: More Wafer Fab Equipment Spend For FY2025, Maintaining Buy
Lam Research reported its third quarter of FY2024. Management's raised wafer fab equipment market for 2024 confirms my positive outlook on the stock. I think the memory market bounce back will support more outperformance for Lam in FY2025 with NAND-related sales expected to grow in particular. Also, I'm not worried about the sustainability of the higher shipments to China because I think the global semi recovery will fill whatever gap the sales to China leave.
Seekingalpha | 2 years ago
