Lam Research

The Philadelphia semiconductor index SOX lost 6.72 percent after Lam Research and Meta sent spending signals for AI infrastructure. Lam Research plunged 11.8 percent despite beating quarterly results and issuing a cautious outlook, AMD fell 8.1 percent, while TSMC remained relatively stable thanks to a positive revenue forecast. Investors sought safety in consumer staples, the yield on 10-year US Treasuries fell below 5 percent, and the Nasdaq 100 dropped 2.9 percent. The upcoming Fed decision and results from Alphabet, Microsoft and Amazon could clarify whether cloud spending will support chip demand. » More on deraktionaer.de

Lam Research reported a record revenue of $8.22 billion and record margins in the September quarter, yet the stock fell 7.2% in after-hours trading. The reason is the outlook: the share of China business recently rose to 35% but is expected to shrink significantly in the December quarter; the CFO expects particularly weaker demand from Chinese chipmakers. For the December quarter Lam guides to $8.6 billion in revenue and warns that component shortages and cleanroom capacity constraints could limit shipments. Technically the stock remains below its record high; near-term support is seen around $240. » More on deraktionaer.de

Lam Research shares have pulled back sharply after the recent tech sell-off and are trading around $272, stabilizing at an important technical chart zone. The market expects revenue for the coming quarter to be up more than 50% year‑over‑year, driven by strong demand for etch and deposition equipment for advanced logic chips and HBM. With more than 100,000 installed process chambers, the service and upgrade business secures recurring revenue and reduces cyclical risk. The upcoming quarterly results and recently raised price targets could provide the next price catalyst. » More on deraktionaer.de