🔴 Lam Research is trading 12% down today as supply constraints limit December-quarter revenue outlook

Lam Research is trading at $4.38, down -11.79%, as near-term supply constraints limit its December-quarter revenue outlook.

• The company’s recent quarter beat estimates, but December-quarter revenue guidance of $8.60 billion was only slightly above analyst expectations; delayed shipments also weighed on the outlook.
• Semiconductor weakness added pressure, with SOXX down 4.20% amid concerns about AI spending and the chip-sector earnings outlook.