Shares of most semiconductor stocks including sector leaders Broadcom (NASDAQ: AVGO), Arm Holdings (NASDAQ: ARM), and Lam Research (NASDAQ: LRCX) were rallying today, with these three up 5.2%, 5.3%, and 4.6%, respectively, as of 12:50 p.m. ET on Wednesday. These three chip leaders are players within the artificial intelligence (AI) race, and their stocks have […]
Lam Research (NASDAQ: LRCX) recently made two major announcements. First, it approved a 10-for-1 stock split, which should take place on Oct. 2. That will mark its third stock split following its 3-for-2 split in 1993 and 3-for-1 split in 2000. Second, Lam approved a $10 billion buyback plan with no termination date. CFO Doug […]
Vietnam’s top security official To Lam has been confirmed as the nation’s new president. He oversaw police and intelligence operations over a period when rights groups say basic liberties have been systematically suppressed and its secret service was accused of violating international law. Mr Lam was confirmed by Vietnam’s National Assembly after his predecessor resigned […]
BANGKOK (AP) — Vietnam’s top security official To Lam was confirmed Wednesday as the nation’s new president. He oversaw police and intelligence operations over a period when rights groups say basic liberties have been systematically suppressed, and its secret service was accused of violating international law. Lam was confirmed by Vietnam’s National Assembly after his […]
Semiconductor equipment supplier Lam Research (LRCX) late Wednesday handily beat expectations for its fiscal third quarter and guided higher than views for the current period. LRCX stock rose in extended trading. X The Fremont, Calif.-based company earned an adjusted $7.79 a share on sales of $3.79 billion in the quarter ended March 31. Analysts polled […]
Wednesday is turning into a bad day to own semiconductor stocks — and China is the reason. Late last night, the South China Morning Post reported that semiconductor chip output in the Middle Kingdom surged 40% in the first quarter — more than twice as fast as total global semiconductor sales, according to data from […]
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Semiconductor equipment maker Lam Research (LRCX) late Wednesday beat Wall Street’s targets for its fiscal second quarter and guided higher for the current period. LRCX stock rose in extended trading. X The Fremont, Calif.-based company earned an adjusted $7.52 a share on sales of $3.76 billion in the quarter ended Dec. 24. Analysts polled by […]
In today’s video, I discuss recent news affecting ASML Holdings (NASDAQ: ASML) and a few other semiconductor equipment companies. Check out the short video to learn more, consider subscribing, and click the special offer link below. *Stock prices used were the after-market prices of Jan. 18, 2024. The video was published on Jan. 18, 2024. […]