LRCX is trading 6.3% down at $376.55 amid broad semiconductor sector weakness and profit-taking following a recent AI-driven rebound.
- The decline marks a sharp reversal from the prior session’s 7.21% gain, with chip stocks facing renewed pressure linked to disappointing Broadcom-related sentiment.
- Lam Research remains vulnerable to shifting sentiment around wafer-fab equipment demand as the overall sector backdrop turns negative.
- Broader market indices are also under pressure, with the Nasdaq down 1.02%, further reinforcing the downward move in semiconductor equities.