Lam Research is trading 3.4% down at $324.15 as semiconductor equipment stocks continue a multi-day pullback driven by profit-taking and shifting sentiment regarding AI demand.
- Investors are reassessing AI-related capital expenditure (capex) following recent results from major foundry and memory-chip players.
- The decline reflects a broader wafer-fab equipment selloff and sell the news dynamics rather than any company-specific catalysts.