Lam Research beats quarterly revenue estimates on surging AI chip demand

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Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company’s shares up 4.5% in extended trading.

The increased appetite for high-performance AI chips and processors – essential for powering AI workloads – is prompting major chip manufacturers like Taiwan Semiconductor Manufacturing Co, one of Lam’s biggest customers, to ramp up orders. This surge is benefiting equipment suppliers such as Lam as well.

Lam posted revenue of $4.72…



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Lam Research beats quarterly revenue estimates on surging AI chip demand


Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company’s shares up 4.5% in extended trading.

The increased appetite for high-performance AI chips and processors – essential for powering AI workloads – is prompting major chip manufacturers like Taiwan Semiconductor Manufacturing Co, one of Lam’s biggest customers, to ramp up orders. This surge is benefiting equipment suppliers such as Lam as well.

Lam posted revenue of $4.72…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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