News

Full-year revenue is expected to be between $11.28 billions and $11.31 billions, while the company had originally projected $10.5 billions to $10.54 billions. Third-quarter revenue is expected to be between $2.94 billions and $2.95 billions, compared to analysts' expectations of $2.61 billions.

The Nasdaq 100 index preliminarily closed down 0.2%. Among its components, Intuit fell 5.5% after its earnings report, Cadence Design Systems dropped 5.3%, Mondelez International, Fortinet, O'Reilly Automotive, Kraft Heinz, Walmart, and Applovin fell as much as 4.5%. Broadcom rose 2.3%, Apple gained 2.9%, nuclear power stock Constellation Energy (CEG) rose 4.6%, Coca-Cola Europacific Partners (CCEP) rose 4.9%, and Alnylam Pharmaceuticals (ALNY) rose 5.6%. Nike preliminarily closed up 2.3%, American Express rose 1.6%, Visa gained 1.6%, JPMorgan rose 1.3%, and Goldman Sachs gained 1.2%, leading the Dow Jones components along with Apple. Microsoft, IBM, Home Depot, 3M, Salesforce, and Walmart fell as much as 3.9%.

This capital increase initiative aims to strengthen the resilience of the domestic supply chain and support the wave of industrial reshoring driven by the CHIPS and Science Act. The global chip shortage has accelerated the localization process of manufacturing, and Lam Research, by upgrading its Boise R&D center and production base, will significantly enhance the capacity of its etching equipment and deposition technology. As a key innovation hub for the company, the expansion plan of this base is expected to create hundreds of high-skilled jobs. Industry insiders point out that this move not only echoes the U.S. government's strategy to rebuild semiconductor leadership, but will also help clients meet the surging chip demand in 5G, artificial intelligence, and autonomous driving sectors. With the rise of wafer fab clusters in Arizona, Ohio, and other regions, forward-looking investments by equipment manufacturers are becoming a key pillar of the industry ecosystem.