🟢 Lam Research Corp is trading 5.4% up today on strong earnings and upbeat AI-driven guidance

Lam Research Corp is trading 5.4% up at $341.92 following a strong earnings report and upbeat guidance tied to AI-related wafer-fab demand.

• The company reported better-than-expected March-quarter results and a higher June-quarter revenue outlook, signaling accelerating chip-equipment spending.
• The results reinforce the company’s positioning as a key beneficiary of continued global investment in AI infrastructure.