Lam Research stock slips after two-day rally as traders weigh fresh Buy call and CES headlines
Lam Research shares fell 2.5% to $201.86 Wednesday morning, reversing part of a two-day surge. Aletheia Capital initiated coverage with a Buy rating and $260 target. Other chip equipment stocks also declined, while Nvidia gained after its CES keynote. Investors await Lam’s next earnings report for spending signals.