Lam Research is set to drop its Q2 earnings tomorrow, with analysts expecting a 29.4% YoY revenue jump—slightly slower than last year’s 33.6% but still strong. The company crushed estimates last quarter with $5.84B in revenue, up 23.8% YoY. While peers like Amkor and Intel also posted solid growth, Intel’s stock plunged 12%—showing the market’s mood swings. The semiconductor sector is down 17.1% in the last month, with Lam Research lagging at 29.4%—and its current price ($290) is well below the $372.32 average analyst target. Will Lam close the gap?
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