News Formal

Chip-equipment suppliers rally after Lam says AI servers will drive growth

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Semiconductor-related stocks surged Thursday, and leading the pack were stocks of the companies that make the equipment used to make chips.

Late Wednesday, Lam Research Inc. LRCX reported strong earnings and its CEO said that artificial-intelligence servers are “fundamental” to driving growth over the next several years.Late Wednesday, Lam Research Inc. LRCX reported strong earnings and its CEO said that artificial-intelligence servers are “fundamental” to driving growth over the next several years.

That comes as Texas Instruments Inc. TXN , which uses its own foundries, said recently that it would keep building out its own capacity even as inventory grows amid declining sales and profits.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US to face shortage of 67,000 chip industry workers by 2030: studyThe U.S. semiconductor industry will need nearly 67,000 workers by 2030, according to a study published by the Semiconductor Industry Association and Oxford Economics.
Source: FoxBusiness - 🏆 458. / 53 Read more »