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Why Lam Research Rallied Today

TheMotleyFool

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Why Lam Research Rallied TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, Midday, harsh overhead sunlight, directional sunlightt, photo by Marc Adamus: https://img.theapi.app/temp/012f8213-0bd1-4831-98f2-6d5fae956d6a.png

Shares of Lam Research (NASDAQ: LRCX) rallied 7.3% today as of 12:14 p.m. ET.

The semiconductor equipment-maker didn't report any new news today; however, one of its big customers received an upgrade from a sell-side analyst. That could be lifting Lam Research in sympathy.

Lam Research makes machines that help build semiconductors, especially etch and deposition, and especially etch and deposition tools that stack semiconductor materials vertically. Traditionally, Lam has been more exposed to memory spending than others, but it has also been growing its logic business in recent years, as logic chips contain more vertical components.

Source Fool.com

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