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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Return to Sender who wrote (94254)4/24/2025 6:15:21 PM
From: Sam2 Recommendations

Recommended By
Julius Wong
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2 Chip Stocks Rallying Alongside Megacap Tech Names Lam Research and Texas Instruments both shared upbeat quarterly results
Fernanda Horner
Digital Content Manager
Apr 24, 2025 at 1:38 PM


Megacap tech stocks are in rally mode today, including semiconductor concern Nvidia (NVDA). The shares of sector peers Lam Research Corp (NASDAQ:LRCX) and Texas Instruments Inc (NASDAQ:TXN)are also higher after the companies bested top- and bottom-line expectations for the fiscal third and first quarter, respectively.

LRCX is up 5.7% to trade at $70.50 at last glance, chipping away at its 20.1% year-to-date deficit. Looking to conquer overhead pressure from the 20-day moving average, the stock is headed for a third-straight daily gain. Lam Research issued an upbeat fourth-quarter forecast due to strong demand for artificial intelligence (AI) chips in addition to its results beat. In response, the equity saw a mix of price-target cuts and hikes.

continues at schaeffersresearch.com