$LRCX

Stocks rose after a favorable US PPI report. An Iranian military spokesperson said Iran controls Strait of Hormuz passage, responding to President Trump’s “total control” claim. Bloomberg Intelligence cited Q2 S&P 500 earnings growth near 32% and 85% of reported companies beating estimates. Rates markets shifted toward fewer hikes; 10-year yields fell. Notable movers included TSLA, META, CSCO, and MU.

Applied Materials (AMAT) fell about 5.7% premarket after record fiscal Q3 results but guidance for Q4 revenue and margins missed elevated expectations. The company reported record Q3 revenue of $9.1B and non-GAAP EPS of $3.50, and guided Q4 revenue to $10.25B plus or minus $500M and EPS to $4.02 plus or minus $0.20. Lam Research (LRCX) and KLA (KLAC) were little changed premarket.

Lam Research plans to invest up to $1.7 billion in Tualatin, Oregon, through 2041 under a proposed Strategic Investment Program agreement approved by Washington County and the city. A partial property tax abatement would start in 2028 or 2029, with payments in lieu of property taxes rising to $3.2 million in the final year. County officials estimate about $111 million in tax and fee revenue over 15 years, pending Oregon Business Development Commission approval.

Lam Research (LRCX) said it plans to invest more than $3 billion over the next five years to expand its research and development lab network, citing demand in the AI era. The company is a provider of semiconductor manufacturing equipment and services, and the spending plan is intended to support future technology development.

Stocks rose after a favorable US CPI report, with markets reducing the odds of a 25 bp FOMC hike on Sept. 15-16. Core CPI matched a 5.5-year low. CoreWeave (CRWV) gained on Q3 revenue guidance of $3.45-$3.60B and full-year $12.4-$13.2B. Super Micro (SMCI) rose on better Q3 guidance, lifting chip stocks and SOXX.

Lam Research (NASDAQ: LRCX) said it plans to invest more than $3 billion over the next five years to expand its global R&D lab network. The company expects the multi-site buildout to raise experiment capacity by over 50% and shorten product development cycles. Micron (MU) and Yole Group commented on AI-driven demand for deposition and etch.

The article discusses ACM Research, a $5.1 billion cleaning-tool maker, and notes its results as a read on whether Chinese fabs are still buying despite export controls. It cites ACM Research Q4 2026 EPS of $1.82 (vs $1.68 est) and revenue of $6.72B (vs $6.67B est). It also mentions read-throughs to Lam Research and Applied Materials, and Lam Research’s guidance for a September-quarter revenue of $8.10B.

Semiconductor stocks rose after SanDisk outlined a multi-year financial model at its 2026 Investor Day. SanDisk targets about 80% non-GAAP gross margins and mid-to-high teens revenue growth for FY2028-FY2030, plus signed New Business Model agreements covering roughly two-thirds of FY2028 bits. Lam Research gained about 4%, Applied Materials about 1.5%, and Camtek was flat.

Lam Research (LRCX) shares were mostly flat Thursday as investors weighed technical levels after a strong 12-month run. The stock is consolidating near support around $313 and below the 50-day SMA ($337.50). Lam plans to train about 3,500 students with NY Creates over five years and add ~200 jobs in Singapore. Analysts maintain Buy/Overweight views; average target $384.84.

Markets were mostly higher as investors weighed President Trump’s harder stance toward Iran, reducing expectations for a near-term deal to reopen the Strait of Hormuz. Oil, Treasury yields, and European bonds moved accordingly. US movers included ASML, KLA, Rapid7 (raised EPS forecast), Jabil (UBS upgrade), and Riot Platforms (cloud deal).