Movement Alert｜Lam Research Intraday Rise 3.2% in Regular Trading, Technical Rebound Extends With Semiconductor Equipment Stocks Firm

Market Focus10-28

On October 28, Lam Research rose 3.2% in Regular Trading, trading near $248.265 per share, with turnover of $268 million.

The move aligns with a technical rebound following the post-earnings selloff, while the Semiconductor Equipment group also strengthened, with Applied Materials up 2.48%, ASML Holding NV up 1.05%, and AXT Inc up 4.57%.

Earlier this month, Lam Research reported fiscal first-quarter revenue of $8.22 billion and adjusted EPS of $2.20, both slightly above expectations. However, management said near-term supply-chain constraints and weaker China sales would limit the outlook, and several analysts subsequently trimmed target prices. Those factors had pressured the stock after earnings, making the latest advance look more like a recovery within a broader sector rebound than a fresh company-specific catalyst.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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