Lam Research is trading at $4.45, down 10.28%, on October 22, after its December-quarter outlook offered only a modest lift over analyst expectations.
- The company forecast $8.60 billion in revenue, while management cited near-term supply constraints; investors had hoped for a stronger acceleration despite record results.
- The broader semiconductor selloff added pressure, with the sector ETF down 4.20% during the regular session.
- Price context showed a sharp intraday decline; no volume figure was supplied.