NasdaqGS:LRCXSemiconductor
Lam Research (LRCX) Could Be 9% Undervalued After Record AI Driven Earnings
Lam Research earnings beat and AI driven demand
Lam Research (LRCX) just reported record quarterly and full year results, with sales and earnings above Wall Street expectations. Strong AI related demand for chipmaking tools and a favorable product mix were key drivers.
See our latest analysis for Lam Research.
Despite the strong earnings, Lam Research’s recent share price has pulled back, with a 30 day share price return down 16.6% and a 7 day share price return down 4%. That comes after a 90...