Lam Research Stock News

FREMONT, Calif., Nov. 5, 2026 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $25 billion share repurchase authorization and a quarterly dividend of $0.33 per share of common stock.

Lam Research, Applied Materials, and KLA are all under pressure. Citi believes there's even more downside potential after the three stocks have booked big declines as of late.

Chip stocks fell Thursday despite solid quarterly earnings reports from Texas Instruments and Lam Research.

Lam Research stock LRCX fell 10% on Thursday despite the chip-equipment maker reporting record fiscal first-quarter results, as supply constraints threatened to limit shipments and the company warned of a decline in revenue from China. Revenue reached $8.22 billion in the quarter, beating the consensus estimate of $8.14 billion and marking a fifth consecutive quarterly record.

Investors are spooked by Tesla's cut to its near-term spending target and Lam Research's weaker-than-expected forecast,

Investors hoping for a sustained rebound in the AI trade after yesterday's big tech gains may have to wait.

Stock market sentiment is sensitive to AI spending fears which have returned on Thursday, with chip stocks falling across the board.