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via gurufocus.comTech & AI

Lam Research falls 3.2% as Evercore cuts target ahead of earnings

FROM THE WIRE · GURUFOCUS.COM

Chipmaking-equipment supplier Lam Research (LRCX) traded at $263.48, down approximately 3.20%, on October 20, as investors weighed valuation ahead of its next e

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe chipmaking-equipment supplier's decline ahead of earnings reflects valuation concerns in the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Lam Research traded at $263.48 on October 20, down about 3.20%.
  2. 02Investors weighed valuation ahead of its next earnings report.
  3. 03Evercore cut its price target on the stock.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Lam Research CorporationLRCXStock263.45 USDMarket closedtoday -3.21%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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