1 Chip Stock Secretly Playing A Massive Role In AI Development
Tue, May 7, 2024 1:03 PM

1 Chip Stock Secretly Playing A Massive Role In AI Development

A Flip by Shubhangi Gupta
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Lam Research (NASDAQ: LRCX) has been on a tear since the start of 2023, more than doubling in value in that span of time and setting fresh all-time-highs. And all of this comes in the middle of a downturn for Lam's segment of the semiconductor market. What gives? Lam recently reported financial results for its March 2024 quarter, and on the surface, it didn't appear all that good.

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