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Why Lam Research Rocketed to All-Time Highs Today

TheMotleyFool

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Why Lam Research Rocketed to All-Time Highs TodayPhoto, wide shot, wide-angle lens, Computer hardware manufacturer, sunset photo at golden hour, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/a130cb51-4ded-41be-b600-b83e2078ad65.png

Shares of etch and deposition chip equipment maker Lam Research (NASDAQ: LRCX) rallied on Wednesday, up a whopping 6.6% on the day to reach all-time highs.

Lam's equipment portfolio is particularly geared toward vertically stacking semiconductor materials, which is becoming increasingly important not only for the traditional memory market, but for new chiplet-based logic chips as well.

Both end markets received jolts of good news today.

Source Fool.com

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