Lam Research is trading 5.5% up today at $5.78 as the stock bounces from its August 3 post-earnings reversal and participates in a strong semiconductor rally.
- The company reported record Q4 results and a bullish AI-driven outlook on July 29, though shares had pulled back sharply prior to today's recovery.
- Renewed optimism across the chip sector and broader market indices is driving the rebound as the stock recovers alongside its peers.