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LRCX Q4 earnings review

Last updated on 
LRCX Q4 earnings review
Photo by Anmol Kerketta / Unsplash


Summary:

  • Lam Research reported Q4 earnings on July 31st;
  • recovery in the memory market is for real, fab upgrades are picking up speed;
  • watch for the 10:1 stock split on Oct 2 and a $10 billion stock buyback program;
  • Chart looks bullish, PT $1500 is in the cards Rating: Hold.