Reported 3 months ago
Lam Research announced that it expects its quarterly revenue to surpass analysts' estimates due to a surge in chip orders driven by the increasing demand for AI technology. The company forecasts its revenue for the quarter ending September 29 to be between $4.05 billion and $4.35 billion, slightly higher than the average estimate of $4.02 billion. This growth is supported by the rising necessity for wafer fabrication tools, critical in chip manufacturing, amidst the booming AI market.
Source: YAHOO