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Why Lam Research Stock Jumped Today
LRCXLam Research(LRCX) The Motley Fool·2025-01-31 04:03

Shares of semiconductor manufacturing equipment company Lam Research (LRCX 8.69%) jumped on Thursday after the company reported financial results for its fiscal quarter that ended Dec. 29, 2024. As of 12:20 p.m. ET, Lam Research stock was up about 8%.Jumping right over a low bar of expectationsLam Research's management team had forecast revenue of around $4.3 billion for the most recent quarter. And it was on target with its guidance considering the company generated revenue of almost $4.4 billion. That was ...