Open: 175.26 Close: 177.33 Change: 2.07

Today's Summary

Lam Research shares rallied on Wednesday, up a whopping 6.6% on the day to reach all-time highs. Lam is a key AI picks-and-shovels play for AI. Micron Technology focuses on making memory chips like DRAM and NAND, while Lam Research supplies advanced machines used to build chips. Lam Research posted robust financial results for the December 2024 quarter, beating analyst expectations for both revenues and earnings. LRCX currently trades above the 50-day and 100-day moving averages, signaling a bullish trend in the near term. Investors who have ridden the recent rally may consider holding their positions.