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Stock impact report

Why Lam Research, Applied Materials, and Rambus Rallied Today [Yahoo! Finance]

Lam Research Corporation (LRCX) 
Last lam research corporation earnings: 4/22 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.lamresearch.com
Company Research Source: Yahoo! Finance
The stocks had appreciated 3.7%, 3.2%, and 7.2%, respectively, as of 2:30 p.m. ET. All three stocks were rising along with most of the semiconductor sector in the wake of memory giant Micron 's (NASDAQ: MU) blowout earnings report last night. As Lam and Applied are both equipment suppliers to the memory industry, and as Rambus supplies ancillary technology to memory installations, Micron's earnings also bode well for these companies' futures over the next one-to-two years at least. Artificial Intelligence (AI) is leading to a memory-sector boom In its earnings report last night, Micron reported revenue of $5.82 billion in revenue, beating expectations by nearly $500 million, with adjusted ( non-GAAP ) earnings of $0.42 trouncing analyst expectations of a $0.28 loss . Not only that, but Micron guided to $6.6 billion in revenue at the midpoint of the current quarter's guidance, far higher than the $6 billion expected by analysts. And given that Micron just trounced the high end of Show less Read more
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