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Lam Research Soars on AI Chip Demand | Durham News
Lam Research is riding the AI wave to record-breaking heights, with analysts predicting a massive earnings beat as demand for chipmaking equipment surges. The company, essential for etching and depositing microchip layers, has outperformed expectations for five straight quarters, averaging a 9% surprise. Morgan Stanley forecasts $7.4 billion in revenue—above the $7 billion consensus—and expects Lam to raise its outlook for the entire wafer fab market, fueled by AI’s insatiable need for chips. Despite bottlenecks in cleanroom space, every customer wants more equipment than the market can…
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