ATLAS News · Technology
Lam Research and Applied Materials rose sharply in a broad market rally, while KLA drew attention for its first quarter results and December quarter guidance.
Shares of semiconductor equipment makers Lam Research (LRCX) and Applied Materials (AMAT) climbed during a broad market rally, according to Seeking Alpha and GuruFocus. Seeking Alpha reports Applied Materials gained 11% and Lam Research 10%, while GuruFocus describes Lam Research's move as a surge of more than 10% amid a rally in the Nasdaq 100.
The Globe and Mail links Lam Research's 8% gain to a $25B buyback plan. GuruFocus also notes that the stock carries a GF Score of 98.
Simply Wall St reports that KLA (KLAC) posted first quarter revenue of US$4.14b and net income of US$1.55b, and gave detailed guidance for the December quarter. The outlet adds that KLA's share price had been under pressure, with a 30 day return down 29.19% and a 90 day return down 30.92%, while the 1 year total shareholder return stands at 14.32%.
Lam Research, Applied Materials and KLA make equipment used in semiconductor manufacturing, so their shares often move together with broader sentiment toward chip stocks.
The moves show how closely chip equipment makers can track wider market swings, alongside company-specific news such as buybacks and earnings guidance.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
Technology · NASDAQ
live price · USD
Technology · NASDAQ
live price · USD
Technology · NASDAQ
live price · USD
Closing prices, fair value and probabilities: ATLAS own data. How we calculate fair value.
ATLAS writes its own summaries from the reporting of these outlets. Each link opens the original publisher.
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Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
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