Reported about 9 hours ago
Lam Research anticipates second-quarter revenue exceeding Wall Street expectations, fueled by increased orders for semiconductor manufacturing equipment, particularly for AI applications. The company's stock rose 2.2%, reflecting strong demand in the AI semiconductor market. Lam forecasts revenue of $5.20 billion for the quarter, surpassing analysts' estimates, and reported a previous quarter's revenue of $5.32 billion.
Source: YAHOO