LRCX Stock Dips 22% in 3 Months on Macro Worries: How Should You Play?
Lam Research(LRCX) ZACKS·2024-10-01 01:15
Lam Research's (LRCX) shares have lost 22% in the past three months compared with the industry and the broader technology sector's 17.8% and 0.5% declines, respectively. This has left investors questioning whether it is the time to buy the dip. This decline is not an isolated incident but part of a broader market sell-off triggered by macroeconomic challenges that have been taking a toll on the broader technology sector. Apart from LRCX's drop, other semiconductor companies encountered weaknesses. ASML Hold ...