Why Lam Research Stock Crushed the Market Today

Chip fabrication equipment maker Lam Research (NASDAQ: LRCX) experienced a bit of a rally in its stock on Monday. A big researcher flagged the company as a fine bargain in the semiconductor universe, and investors took the recommendation to heart. They pushed Lam's stock up by more than 5% in value on a day when the S&P 500 index dipped into the red with a 0.2% decrease.That researcher was Bank of America, which felt compelled to update investors on the current state of "semi" stocks. According to reports, in its analysis the bank pointed out that semiconductors have been (for the moment, anyway) exempted from the sprawling list of tariffs imposed by the current U.S. presidential administration on this country's trading partners. That's in contrast to finished products, including smartphones, that are packed with the technology.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool