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Why Lam Research, Applied Materials, and Rambus Rallied Today
AMATApplied Materials(AMAT) The Motley Fool·2024-03-22 04:24

Shares of semiconductor-equipment stocks Lam Research (LRCX 3.53%) and Applied Materials (AMAT 2.80%), along with memory-interface chipset provider Rambus (RMBS 6.94%), were on the rise Thursday. The stocks had appreciated 3.7%, 3.2%, and 7.2%, respectively, as of 2:30 p.m. ET.All three stocks were rising along with most of the semiconductor sector in the wake of memory giant Micron's (MU 14.13%) blowout earnings report last night. As Lam and Applied are both equipment suppliers to the memory industry, and ...