Lam Research Stock Rises on Chip Industry Momentum
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BTCCSquare news:
Lam Research (LRCX) shares climbed nearly 4% on Thursday, outperforming the S&P 500's modest 0.5% gain. The surge followed significant developments in the semiconductor sector, particularly Nvidia's $5 billion investment in Intel to co-develop data center and PC products.
The U.S. government's recent $10 billion stake in Intel, alongside other major investments, signals a manufacturing ramp-up that will likely benefit equipment suppliers like Lam Research. No direct cryptocurrency or exchange mentions were identified in this context.
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