🔴 Lam Research is trading 3.7% down today as AI-chip spending concerns weigh on sector

Lam Research is trading at $5.68, down 3.73% on August 28, 2026, as semiconductor stocks weaken broadly.

• The SOXX ETF is down 2.64%, while Marvell Technology is falling after disappointing investors on the timing of Google AI-chip revenue.
• No fresh Lam Research-specific announcement was identified; available company coverage concerns earlier July developments.
• Broader caution around AI-chip spending and profit-taking is weighing on the group.