Why Lam Research Fell Today
Shares of semiconductor equipment supplier Lam Research (NASDAQ: LRCX) lost ground Thursday morning, and were trading down 4.7% as of 12:25 p.m. ET. This is notable as Lam is missing out on the rebound many stocks are experiencing following Wednesday's market rout.
Lam's decline was set off by the tepid outlook that one of its key customers delivered Wednesday afternoon. But for investors, this share price dip in a company that's positioned to be a long-term beneficiary of the AI revolution may offer an opportunity to buy rather than a reason to stay away.
After the market closed Wednesday afternoon, Micron Technology (NASDAQ: MU) reported its fiscal 2025 first-quarter earnings. While its results were relatively in line with expectations, its outlook for the fiscal second quarter disappointed the market mightily. Micron's management noted that the AI data center build-out is still going strong; however, the consumer-oriented PC and smartphone segments were weak, as they have been since mid-2022. PC and phone memory chips are still large parts of Micron's business, so its fiscal second-quarter guidance was well below expectations.
Source Fool.com
Micron Technology Inc. Stock
With 113 Buy predictions and not a single Sell prediction Micron Technology Inc. is an absolute favorite of our community.
With a target price of 231 € there is a slightly positive potential of 12.46% for Micron Technology Inc. compared to the current price of 205.4 €.
