30 AI News Investors Should Not Miss

Page 14 of 29

16.  Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 84 

Lam Research Corporation (NASDAQ:LRCX) markets semiconductor processing equipment. The company is the third leading supplier of wafer fab equipment. The company recently announced that it would hold its quarterly financial conference call and webcast on October 23. The call is eagerly awaited as the stock recently touched a 52-week low, despite rising more than 26% in the past year amid a broader selloff in the tech sector as geopolitical tensions rise across the globe. In the fourth fiscal quarter, Lam Research Corporation (NASDAQ:LRCX) had reported a quarterly revenue of $3.87 billion, surpassing analyst expectations, as the demand for AI-powered chips increased. The company also announced a 15% increase in its quarterly dividend, rising from $2.00 to $2.30 per share.

Page 14 of 29