Lam Research Corporation ($LRCX) Stock Forecast: Down 89.9% Today

What is Lam Research Corporation?

Lam Research (LRCX) is a technology company specializing in semiconductor equipment. The overall market experienced some volatility today, with Lam Research showing a strong bearish movement.

Why is Lam Research Corporation going down?

LRCX stock is down 89.9% on Oct 3, 2024 13:35

• Lam Research's stock price took a hit today, closing at $816.08 with a -1.33% change from the previous close.
• The stock has been on a downward trend, dipping 22% in the last 3 months due to macroeconomic worries, despite the company's technology innovation drive.
• Despite today's bearish movement, Lam Research has historically outperformed the market, boasting an average annual return of 19.68% over the past 20 years.
• The combination of macroeconomic concerns and profit-taking behavior might have contributed to the bearish movement in Lam Research's stock today.

LRCX Price Chart

LRCX News

Lam Research ( LRCX ) Stock Sinks As Market Gains: What You Should Know

The latest trading day saw Lam Research (LRCX) settling at $816.08, representing a -1.33% change from its previous close.

https://www.zacks.com/stock/news/2343688/lam-research-lrcx-stock-sinks-as-market-gains-what-you-should-know

LRCX Stock Dips 22% in 3 Months on Macro Worries: How Should You Play?

Lam Research's technology innovation drive boosts prospects amid macroeconomic headwinds.

https://www.zacks.com/stock/news/2343610/lrcx-stock-dips-22-in-3-months-on-macro-worries-how-should-you-play

Here's How Much You Would Have Made Owning Lam Research Stock In The Last 20 Years - Lam Research ( NASDAQ:LRCX )

Lam Research LRCX has outperformed the market over the past 20 years by 11.26% on an annualized basis producing an average annual return of 19.68%. Currently, Lam Research has a market capitalization of $105.78 billion.

https://www.benzinga.com/insights/news/24/09/41097465/heres-how-much-you-would-have-made-owning-lam-research-stock-in-the-last-20-years

Trending Today

Sui ($SUI) Crypto Forecast: Up 5.7% Today

Fetch.ai ($FET) Crypto Forecast: Down 5.1% Today

Uniswap ($UNI) Crypto Forecast: Down 6.6% Today

Memecoin ($MEME) Crypto Forecast: Down 5.6% Today

Aptos ($APT) Crypto Forecast: Up 5.5% Today

Ethena ($ENA) Crypto Forecast: Up 6.1% Today

Bittensor ($TAO) Crypto Forecast: Down 5.1% Today

Arweave ($AR) Crypto Forecast: Down 5.2% Today

Render ($RENDER) Crypto Forecast: Down 5.5% Today

Floki ($FLOKI) Crypto Forecast: Down 5.3% Today

Lam Research Corporation Price History

26.08.2024 - LRCX Stock was up 6.4%

• Lam Research (LRCX) saw a significant increase in its stock price, closing at $784.08, which was up by +1.41% compared to the prior trading session.
• This upward movement in Lam Research's stock was driven by the favorable quarterly results announced by Micron Technology Inc (MU), which also had a positive impact on various chip stocks, including Lam Research.
• Furthermore, the optimistic trading behavior of wealthy investors in Lam Research, evident from the options trading activity, added to the positive momentum.
• The accolades, such as the Supplier Excellence Award from INFICON, received by Lam Research contributed to enhancing the company's reputation and potentially influenced investor trust in the stock.

19.08.2024 - LRCX Stock was up 5.3%

• Advancements by China's Yangtze Memory Technologies Co in replacing ASML and Lam Research chipmaking technology with domestic alternatives may have positively impacted Lam Research's stock.
• The surge in bullish options trading on Lam Research points to a high level of investor confidence in the company's future prospects.
• Lam Research's impressive historical performance, outperforming the market by 11.19% annually over the past 15 years, likely contributed to the positive sentiment and bullish movement in the stock today.

03.09.2024 - LRCX Stock was down 89.9%

• Lam Research's stock price took a hit today, closing at $816.08 with a -1.33% change from the previous close.
• The stock has been on a downward trend, dipping 22% in the last 3 months due to macroeconomic worries, despite the company's technology innovation drive.
• Despite today's bearish movement, Lam Research has historically outperformed the market, boasting an average annual return of 19.68% over the past 20 years.
• The combination of macroeconomic concerns and profit-taking behavior might have contributed to the bearish movement in Lam Research's stock today.

18.06.2024 - LRCX Stock was down 5.4%

• Deep-pocketed investors have taken a bearish stance on LRCX options, signaling a lack of confidence in the stock's short-term prospects.
• The semiconductor sector, to which Lam Research belongs, is facing a downturn possibly due to concerns over potential further restrictions on China by President Biden.
• Despite optimistic recommendations from Wall Street analysts, the market sentiment towards LRCX remains negative, leading to a sharp decline in the stock price.
• The bearish movement of LRCX could also be influenced by broader market dynamics and investor sentiment, as highlighted by the stock dropping despite overall market gains.

30.06.2024 - LRCX Stock was down 5.1%

• Deep-pocketed investors showed a notable bearish stance through options trading towards Lam Research, which could have contributed to the bearish movement in the stock.
• Despite the mixed closing of broader indices, with the Dow slightly down, the prevailing negative sentiment towards LRCX appeared to outweigh positive market movements.
• The anticipation of the upcoming earnings report for Lam Research's fiscal fourth-quarter, reflecting the industry rebound, may have prompted investors to adopt a cautious approach, leading to the bearish market movement.
• The bearish stance observed in options trading by investors with significant capital could have exerted additional pressure on Lam Research's stock price, overshadowing positive market movements in other indices.

05.07.2024 - LRCX Stock was up 5.2%

• Lam Research showed a strong bullish trend despite worries about risks related to China, potentially driven by robust fiscal fourth-quarter earnings and revenue growth amidst the memory recovery and AI support.
• The initial decline in LRCX stock price, attributed to the semiconductor industry's broad slump following Intel Corp's underwhelming financial results, appears to have been overshadowed by the positive earnings announcement.
• Despite market uncertainties and nervousness, as seen in the Nasdaq retracing gains and chipmakers facing challenges, Lam Research maintained its upward trajectory, demonstrating strong investor trust in the company's performance.
• The buying interest from prominent investors such as Stephanie Link and Bill Baruch further solidifies the positive outlook on Lam Research, despite the tough market environment.

01.07.2024 - LRCX Stock was down 5.4%

• The Nasdaq wiping out yesterday's gains and being down 2.6% today has created a sense of fear in the market, leading to a broad decline in tech stocks like Lam Research.
• Despite Lam Research's Q4 earnings beat and revenue increase, the overall market sentiment and concerns about the Fed being behind the curve on rate cuts have weighed on the stock.
• The dip in Lam Research's stock price, despite strong quarterly earnings and projections, could be attributed to the general weakness in the semiconductor industry today, as evidenced by other chipmakers struggling as well.
• The performance comparison highlighting Lam Research and its competitors in the semiconductor industry might have also influenced investor sentiment, contributing to the bearish movement in the stock today.

01.07.2024 - LRCX Stock was down 5.3%

• Despite posting strong quarterly earnings and revenue forecasts above estimates, Lam Research (LRCX) saw a 2.63% dip in pre-market trading.
• The bearish movement could be attributed to profit-taking by investors after a period of positive performance.
• Market sentiment may have been influenced by the overall volatility in the semiconductor industry, leading to a cautious approach towards LRCX stock.
• The industry comparison with key competitors might have highlighted certain weaknesses or challenges for Lam Research, impacting investor confidence and contributing to the bearish trend.

02.07.2024 - LRCX Stock was down 7.2%

• LRCX witnessed a 6.5% drop in its shares to $776.07, attributed to a decline in semiconductor stocks, which followed weaker-than-expected financial results from Intel Corp during the second quarter.
• Market sentiment shifted from optimism to concern, driven by fears of economic weakness and speculation on the Federal Reserve's timing for potential rate cuts.
• The negative market sentiment had a ripple effect on chipmakers such as Lam Research, Western Digital, and Qualcomm, contributing to the downward movement of LRCX's stock.
• Despite strong Q4 earnings and revenue growth, Lam Research faced downward pressure on its stock price due to overall market conditions and industry comparisons.

07.07.2024 - LRCX Stock was down 5.8%

• Lam Research's stock plummeted by 6.5% to $776.07, under pressure from a general decline in semiconductor stocks following Intel Corp's disappointing second-quarter financial results.
• High-profile investors displayed a bearish attitude towards Lam Research, evident from the negative options activity, reflecting prevailing market pessimism.
• Despite potential growth opportunities in advanced logic and AI technologies, concerns related to uncertainties in China and the semiconductor sector's overall performance have dampened the company's outlook.
• Market apprehensions regarding economic instability and the Federal Reserve's strategies have exacerbated the bearish trend for Lam Research and other chip manufacturers in today's trading session.

09.07.2024 - LRCX Stock was up 5.1%

• Despite challenges in the semiconductor sector, Lam Research (LRCX) showed a bullish trend, defying the negative market sentiment influenced by Intel Corp's financial performance.
• Investor activities indicated initial reservations toward LRCX, but positive expectations for the company's growth in advanced technology sectors overshadowed the pessimism.
• Increased demand in key markets and the company's ability to navigate market difficulties likely bolstered investor confidence, driving the positive movement in LRCX stock.
• Amid market uncertainties, Lam Research's strong fundamentals and future potential attracted investors seeking opportunities despite overall market instability.

15.07.2024 - LRCX Stock was up 5.2%

• The bullish movement in LRCX today can be attributed to the positive sentiment surrounding the company's standing in the semiconductor industry compared to its competitors.
• The bullish approach adopted by deep-pocketed investors towards LRCX, as highlighted in recent information about whales' activity, could have further fueled the stock's upward trajectory.
• The focus on Lam Research as an important AI stock and its position in the automation sector, especially during a market reset where tech stocks experienced a plunge, likely contributed to investors seeing LRCX as a strong investment opportunity.
• Overall, the combination of favorable industry positioning, AI, and automation focus, and investor sentiment towards the stock amidst market volatility could have driven the bullish movement in Lam Research Corporation today.