A tentative ceasefire between the U.S. and Iran led to optimism that the conflict wouldn't escalate with broader economic consequences. Semiconductor earnings reports generally delivered strong beats and optimistic outlooks.
The U.S. Department of Commerce last week ordered numerous chip equipment companies to halt certain tool shipments to China's second-largest chipmaker Hua Hong, according to two people familiar with the matter.
Dylan Patel, founder and chief analyst at SemiAnalysis, laid out a blunt thesis on the Invest Like the Best podcast (EP.468): “People are like, oh, the memory story is overplayed.
JPMorgan analyst Harlan Sur raised his price target on Lam Research (NASDAQ:LRCX | LRCX Price Prediction) stock to $315 from $300 and reiterated an Overweight rating, arguing that the latest earnings report has reset both the near-term bar and the multi-year wafer fab equipment (WFE) framework.
FREMONT, Calif., April 22, 2026 /PRNewswire/ -- Lam Research Corporation (the "Company," "Lam," "Lam Research") today announced financial results for the quarter ended March 29, 2026 (the "March 2026 quarter").