00:00LAM Research surged 10.43% today.
00:03What happened?
00:05LAM Research makes equipment that chip manufacturers use to deposit,
00:10etch, and clean materials on silicon wafers during semiconductor production.
00:16What happened was a major shareholder return story.
00:20According to Yahoo, LAM Research announced a $25 billion buyback plan,
00:26while the report also pointed to strong AI demand and record earnings.
00:31That news coincided with today's sharp rally
00:34and gave investors several reasons to reassess the stock.
00:38But it's still not known how much of the move came from the buyback versus
00:42those broader business signals.
00:46Technology rose 3.71% today,
00:49so this went much further than the sector did.
00:52A new post-market recap every trading day.
00:56A new post-market recap every trading day.
00:56A new post-market recap every trading day.
00:56A new post-market recap every trading day.
00:56A new post-market recap every trading day.