Why Lam Research Rallied in September
Shares of semiconductor equipment leader Lam Research (NASDAQ: LRCX) rallied in September, rising 33.7% on the month, according to data from S&P Global Market Intelligence.
Lam didn't report earnings or make any big company-specific announcements during the month, but other prominent semiconductor and memory companies certainly did.
As a leader in complex etch-and-deposit equipment needed to produce leading-edge artificial intelligence (AI) chips and memory, this picks-and-shovels player rallied along with increasingly bullish forecasts for AI infrastructure investments.
Source Fool.com
