Reported about 1 month ago
Lam Research reported an anticipated revenue for the December quarter that exceeds Wall Street estimates, fueled by increased orders from chipmakers for equipment essential in manufacturing semiconductors for AI applications. This demand surge, linked to the AI boom, has positively impacted the company's shares, which rose 5% post-announcement. The company expects revenue around $4.30 billion, higher than analysts' predictions.
Source: YAHOO