Lam Research is trading 3.45% down at $298.89 on October 13, 2026, amid a broader semiconductor sell-off.
- Investors are reacting to China’s CXMT reporting progress on a denser memory-chip architecture, alongside concerns about AI financing and spending.
- Semiconductor equipment and memory stocks were also under pressure, while major U.S. indexes were comparatively little changed.
- No separate company-specific catalyst was identified.