Lam Research Plunges 16.46% as the Chip Sell-Off Deepens

After-the-fact Expert

Lam Research shares plunged 16.46% as a broader semiconductor sell-off deepened and investors worried about slowing data-center spending. The move came as Lam announced a $25 billion share-repurchase authorization and a quarterly dividend of $0.33 per share. Here’s what the market backdrop and capital-return announcement mean for LRCX.  For informational and educational purposes only. Not financial advice.  #LamResearch #LRCX #Semiconductors #StockMarket

Transcript

00:00LAM research plunged 16.46% today. What happened? The drop came as a chip stock sell-off deepened,

00:08according to Yahoo, with investors worried that data center spending could slow.

00:13At the same time, LAM said in an SEC filing that its board approved a $25 billion share

00:21repurchase authorization and a quarterly dividend of $0.33 per share. So the sessions

00:29selling overwhelmed what would normally look like shareholder-friendly news,

00:33leaving the broader industry sell-off as the key backdrop for today's move.

00:39Technology fell 7.96% today, so this went much further than the sector did.

00:45A new post-market recap every trading day.

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