🟢 Lam Research is trading 7.9% up today after strong Q4 earnings and upbeat AI-driven guidance

Lam Research is trading 7.9% up at $272.35 following a strong fourth-quarter earnings report and an optimistic outlook fueled by AI demand.

• The company reported record Q4 revenue of $6.72 billion and beat EPS estimates at $1.82.
• Management raised guidance, citing significant strength in AI-related demand and a broader recovery in the semiconductor sector.
• Lam Research is among the top gainers as chip stocks rebound following the July 29 report.