Billionaire Investor Added SpaceX to His Portfolio Right After the IPO
Dan Loeb’s Third Point acquired 180,415 SpaceX shares worth about $31 million as of June 30, following the company’s Nasdaq debut.
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What's Going On With Lam Research Stock Friday?
Lam Research (LRCX) plans a $3B+ R&D expansion to fuel AI chip production. Get the latest stock analysis, technicals, and analyst ratings.
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LRCX Eyes Mid-40s Operating Margin: Is the Long-Term Goal Achievable?
Lam Research targets mid-40% operating margins over the next several years, up from current 38.4%. Q1'27 guidance shows continued margin expansion with expected revenues of $8.1B and 39.5% non-GAAP operating margin. AI demand, advanced packaging, and higher-margin services are expected to support growth, though the goal requires sustained execution and disciplined cost management amid planned $3B R&D investments.
Shares of semiconductor companies are trading higher amid overall market strength and easing inflation concerns as investors return to AI-related companies.
Shares of chip and semiconductor companies are trading higher as the industry extends yesterday's rally. Strength may also be due to reports suggesting that SK Hynix's subsidiary is considering building a NAND flash memory chip factory in the U.S.