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What's Going On With Lam Research Stock Friday?

BenzingaAnusuya Lahiri

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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  1. BenzingaBenzinga News-desk

    Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Elevated borrowing costs could pressure semiconductor manufacturing and AI infrastructure investments while straining customer budgets. The Philadelphia Semiconductor Index (SOX) has declined for seven consecutive trading sessions, matching its longest losing streak since the 2008 financial crisis.