How far off is Lam Research Corporation ( NASDAQ:LRCX ) from its intrinsic value? Using the most recent financial data...
Today's video focuses on Lam Research (NASDAQ: LRCX), Micron Technology (NASDAQ: MU), and the current state of the memory market. Lam Research provides the equipment needed for the manufacturing process of memory technology, and historically its revenue is not affected much by the headwinds memory makers like Micron experience.
(Bloomberg) -- Semiconductors stocks tumbled after Micron Technology Inc. became the latest chipmaker to warn about slowing demand, triggering concern the industry is heading into a painful downturn. In the US, the Philadelphia semiconductor index sank 4.6% on Tuesday with all 30 members in the red, its biggest fall in about two months. In Asia, chip stocks from Taiwan Semiconductor Manufacturing Co. to Samsung Electronics Co., SK Hynix Inc. and Tokyo Electron Ltd. slumped. Investors are growing