Lam Research Corp is trading 5.6% up at $395.08 as investors continue to react to stronger-than-expected quarterly earnings and optimistic guidance for accelerating wafer-fab demand.
- The company reported revenue of $5.84 billion with non-GAAP EPS of $1.47, surpassing market expectations.
- Management guided June-quarter revenue to approximately $6.6 billion, highlighting AI-driven demand and higher chipmaking capital expenditures.
- The positive outlook for wafer-fabrication equipment is supporting sustained follow-through buying interest in the stock.