🟢 Lam Research is trading 10% up today after board approved $25 billion share repurchase authorization

Lam Research is trading 9.94% up at $204.35 after its board approved a $25 billion share repurchase authorization late Thursday.

• Shares had declined 16.36% to $185.20 on November 5, according to the supplied price context.
• The rebound also coincides with chip stocks recovering after Thursday’s steep selloff; Reuters described Friday’s chip gains as recovery after a tech-led rout fueled by concerns about tougher AI regulation.
• No company-specific trading-volume information was provided.