Lam Research is trading 11% down at $3.72, amid broad semiconductor-sector pressure tied to concerns that tighter scrutiny could slow AI data-center construction and investment.

  • Chip stocks also faced pressure after Qualcomm reported weaker handset-chip revenue, adding to industry demand concerns.
  • Available reporting describes a sector-wide selloff alongside broad market declines; no clear Lam Research-specific catalyst was identified.