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Why Did Lam Research Stock Drop Today?

TheMotleyFool

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A couple of weeks ago, I highlighted bad sales and booking news from Dutch semiconductor equipment manufacturer ASML (NASDAQ: ASML), and pointed out how this might make investors in American peer Lam Research (NASDAQ: LRCX) want to sell their stock ahead of earnings.

Now earnings are out, and today, Lam Research stock is down 5% through 10:35 a.m. ET.

Image source: Getty Images.

Source Fool.com

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