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Bloomberg23d agoneutral
Big Tech Needs to Justify AI Spending as Investors Dump Stocks

(Bloomberg) -- After last week’s wipeout in chips and the broader selloff in technology stocks, pressure is building for the biggest spenders on artificial intelligence to justify their expenditures to beleaguered traders with increasingly itchy fingers hovering over their sell buttons.Most Read from BloombergUS Strikes Iran to ‘Punish’ It for Attack That Killed 2 TroopsFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesThousands of Trucks Haul Iraq’s Oil Through Syria in Sign of Hormuz

Stocks Tumble as the Rout in Chipmakers Deepens
Barchart25d agobearish
Stocks Tumble as the Rout in Chipmakers Deepens

The S&P 500 Index ($SPX ) (SPY ) today is down -1.06%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -2.23%. September E-mini S&P futures (ESU26 ) are down -0.95%, and September E-mini Nasdaq futures...

Lam Research (LRCX) Stock Looks About Right Following Fresh AI Demand News
Simply Wall St.27d agoneutral
Lam Research (LRCX) Stock Looks About Right Following Fresh AI Demand News

After a very strong 5 year run, Lam Research now screens as roughly fairly valued on market multiples, while its broader valuation checks lean expensive. This raises a clear question about how much optimism is already reflected in the share price. Around a 500.6% return over 5 years points to investors having already paid up heavily for Lam Research's growth story. AI related demand for wafer fabrication and AI data center equipment can support high earnings expectations, but heavy exposure...

TD Cowen Raises PT on Lam Research (LRCX), Keeps a Buy
Insider Monkey27d agobullish
TD Cowen Raises PT on Lam Research (LRCX), Keeps a Buy

Lam Research Corporation (NASDAQ:LRCX) has gained more than 9.7% over the past month. The growth has been driven by several analyst upgrades and overall sectoral recovery. Analysts are projecting continued growth. Lam Research Corporation (NASDAQ:LRCX) ranks as one of the Best Stocks to Buy Now for High Returns. ​Recently, on July 9, TD Cowen analyst […]

Mizuho Raises its Price Target on Lam Research Corporation (LRCX)
Insider Monkey28d agoneutral
Mizuho Raises its Price Target on Lam Research Corporation (LRCX)

Lam Research Corporation (NASDAQ:LRCX) is among the Ray Dalio Stock Portfolio. On July 9, Mizuho raised its price target on Lam Research Corporation (NASDAQ:LRCX) to $400 from $380. The firm maintained an Outperform rating on the stock. In an investor note, the analyst said AI demand helps durable wafer fab equipment spending through 2027-2029. The firm […]

Jim Cramer Shares Why am Research Corporation (LRCX) is on Fire
Insider Monkey28d agoneutral
Jim Cramer Shares Why am Research Corporation (LRCX) is on Fire

We recently published Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play. Lam Research Corporation (NASDAQ:LRCX) is one of the stocks discussed by Jim Cramer. Chip manufacturing equipment manufacturer Lam Research Corporation (NASDAQ:LRCX)’s shares have performed well like those of its peers. They are up by 251% over the past year and […]

Stocks Rally on Fed-Friendly CPI Report
Barchart28d agobullish
Stocks Rally on Fed-Friendly CPI Report

The S&P 500 Index ($SPX ) (SPY ) today is up +0.30%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.60%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.97%. September E-mini S&P futures (ESU26 ) are up +0.28%, and September E-mini Nasdaq futures...