AI semiconductor rout may be buying opportunity; Lam Research rebounds on $25B buyback
FROM THE WIRE · FINANCE.YAHOO.COM
Investing.com -- Lam Research (NASDAQ:LRCX) shares rebounded sharply in premarket trading Friday after the semiconductor equipment maker announced a $25 billion share repurchase authorization, offering a potential signal of corporate confidence following one of the technology…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: neutralThe SOX's worst day since 2020 is highly relevant for the whole AI-linked tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01The SOX closed at 9,011.14 after a 12.25% drop Thursday, its steepest since March 2020.
- 02Lam Research fell 16.4% Thursday and announced a $25B buyback.
- 03Micron fell 17.5% in Thursday's session.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Lam Research Corporation202.62 USD+9.41%today +9.41%Positive Micron Technology, Inc.691.42 USD+5.34%today +5.34%Neutral Advanced Micro Devices, Inc.436.89 USD+8.03%today +8.03%Neutral PHLX Semiconductor Index9,566.48+6.16%today +6.16%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets