Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. The company was incorporated in 1980 and is headquartered in Fremont, California.

Lam Research Corporation

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the VanEck Semiconductor ETF (Symbol: SMH) where we have detected an approximate $579.9 million dollar inflow -- that's a 1.5% increase week over week in outstanding units (from 100,541,874 to 102,091,874). Among the largest underlying components of SMH, in trading today Taiwan Semiconductor Manufacturing Co., Ltd. (Symbol: TSM) is down about 1.7%, ASML Holding NV (Symbol: ASML) is off about 0.5%, and Lam Research Corp (Symbol: LRCX) is lower by about 2.4%. For a complete list of holdings, visit the SMH Holdings page » The chart below shows the one year price performance of SMH, versus its 200 day moving average:
Looking at the chart above, SMH's low point in its 52 week range is $170.11 per share, with $375.59 as the 52 week high point — that compares with a last trade of $367.12. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
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RMMZ Dividend History
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

SMH, TSM, ASML, LRCX: ETF Inflow Alert

The S&P 500 Index ($SPX) (SPY) today is down up +0.05%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +1.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.52%.
Stock indexes are mixed today, with the Nasdaq 100 falling to a 1-week low and the Dow Jones Industrials climbing to a new all-time high. The broader market is under pressure today after Oracle's earnings, viewed as a bellwether of the AI investment boom, came in worse than expected, fueling concerns about the vast spending tied to artificial intelligence. Shares of Oracle are down more than -12% to lead AI stocks lower after it reported Q2 cloud sales that missed estimates and raised its 2026 capital spending outlook by $15 billion to $50 billion. Oracle’s results reignited worries about tech valuations and whether the capital outlays on AI infrastructure will pay off.
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Stocks have underlying support from a jump in weekly jobless claims to a 3-month high, which knocked bond yields lower. The 10-year T-note yield is down -4 bp to 4.11%. Also, a +3% rally in Visa shares today is boosting the Dow Jones Industrial Average.
US weekly initial unemployment claims rose by +44,000 to a 3-month high of 236,000, showing a weaker labor market than expectations of 220,000.
The US Sep trade deficit unexpectedly shrank to -$52.8 billion versus expectations of a widening to -$63.1 billion and the smallest deficit in 5.25 years.
The markets are discounting a 24% chance that the FOMC will cut the fed funds target range by 25 bp at the January 27-28 FOMC meeting.
Q3 corporate earnings season is drawing to a close as 495 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are mixed today. The Euro Stoxx 50 rallied to a 4-weekhigh and is up +1.07%. China’s Shanghai Composite closed down -0.70%. Japan’s Nikkei Stock 225 closed down -0.90%.
Interest Rates
March 10-year T-notes (ZNH6) today are up by +13 ticks. The 10-year T-note yield is down -3.1 bp to 4.116%. T-notes are climbing today as weakness in stocks has prompted some safe-haven buying of government debt. T-notes also have carryover support from Wednesday when the FOMC cut its 2025 and 2026 US core PCE price estimates, and Fed Chair Powell said that he doesn't think a rate hike is anybody's base case for the Fed's next policy move. T-notes held their gains after weekly jobless claims unexpectedly rose to a 3-month high, a dovish factor for Fed policy. Supply pressures may limit further upside in T-notes ahead of the Treasury’s $22 billion auction of 30-year T-bonds later today.
European government bond yields are moving lower today. The 10-year German bund yield is down by -0.6 bp to 2.845%. The 10-year UK gilt yield is down by -3.4 bp to 4.472%.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Oracle (ORCL) is down more than -12% to lead the S&P 500 losers, and AI-infrastructure stocks are lower today after reporting Q2 adjusted revenue of $16.06 billion, below the consensus of $16.21 billion, and raising its 2026 capital spending outlook by $15 billion to $50 billion. CoreWeave (CRWV) is down more than -7%, and Nebius Group NV (NBIS) is down more than -4% on the news.
Chip makers are sliding today, weighing on the broader market. ARM Holdings Plc (ARM) and Marvell Technology (MRVL) are down more than -4%. Also, Advanced Micro Devices (AMD), Nvidia (NVDA), and Broadcom (AVGO) are down more than -3%. In addition, Intel (INTC), Applied Materials (AMAT), GlobalFoundries (GFS), KLA Corp (KLAC), Micron Technology (MU), and Lam Research (LRCX) are down more than -2%.
Cryptocurrency-exposed stocks are under pressure today with Bitcoin (^BTCUSD) down more than -2%. Strategy (MSTR) is down more than -6% to lead losers in the Nasdaq 100. Also, Riot Platforms (RIOT) and MARA Holdings (MARA) are down more than -5%, Coinbase Global (COIN) is down more than -4%, and Galaxy Digital Holdings (GLXY) is down more than -3%.
Fertilizer stocks are moving higher today after Ukraine said its drones attacked two fertilizer plants in western Russia. Mosaic (MOS) is up more than +6% to lead gainers in the S&P 500. Also, Intrepid Potash (IPI) is up more than +4%, and CF Industries Holdings (CF) and FMC Corp (FMC) are up more than +3%.
Oxford Industries (OXM) is down more than -22% after cutting its 2026 adjusted EPS forecast to $2.20-$2.40 from a previous estimate of $2.80-$3.20, well below the consensus of $2.91.
Lovesac Co (LOVE) is down more than -13% after cutting its 2026 net sales forecast to $685 million-$705 million from a previous forecast of $710 million-$740 million, weaker than the consensus of $713.7 million.
Stellantis NV (STLA) is down more than -3% after BNP Paribas Exane downgraded the stock to underperform from neutral.
Intuitive Surgical (ISRG) is down more than -1% after Citigroup downgraded the stock to neutral from buy.
Gemini Space Station Inc (GEMI) is up more than +17% after the company’s application for a derivatives exchange was approved by the Commodity Futures Exchange Commission.
Ciena Corp (CIEN) is up more than +6% after reporting Q4 revenue of $1.35 billion, better than the consensus of $1.29 billion.
Visa (V) is up more than +3% to lead gainers in the Dow Jones Industrials after Bank of America Global Research upgraded the stock to buy from neutral with a price target of $382.
Unity Software (U) is up more than +2% after Piper Sandler upgraded the stock to overweight from neutral with a price target of $59.
JB Hunt Transport Services (JBHT) is up more than +2% after Deutsche Bank upgraded the stock to buy from hold with a price target of $227.
West Pharmaceutical Services (WST) is up more than +1% after Nephron Research LLC upgraded the stock to buy from hold with a price target of $367.
Earnings Reports(12/11/2025)
Broadcom Inc (AVGO), Ciena Corp (CIEN), Costco Wholesale Corp (COST), Lululemon Athletica Inc (LULU), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Dow Jumps to New Highs as Fed Cut, Oracle Miss Fuel Shift from Tech to Value Stocks

The S&P 500 Index ($SPX) (SPY) today is down by -0.34%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.59%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down by -0.89%. December E-mini S&P futures (ESZ25) are down -0.34%, and December E-mini Nasdaq futures (NQZ25) are down -0.92%.
Stock indexes are mixed today, with the Nasdaq 100 falling to a 1-week low and the Dow Jones Industrials climbing to a 4-week high. The broader market is under pressure today after Oracle's earnings, viewed as a bellwether of the AI investment boom, came in worse than expected, fueling concerns about the vast spending tied to artificial intelligence. Shares of Oracle are down more than -14% to lead AI stocks lower after it reported Q2 cloud sales that missed estimates and raised its 2026 capital spending outlook by $15 billion to $50 billion. Oracle’s results reignited worries about tech valuations and whether the capital outlays on AI infrastructure will pay off.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Stocks have underlying support from a jump in weekly jobless claims to a 3-month high, which knocked bond yields lower. The 10-year T-note yield is down -4 bp to 4.11%.
US weekly initial unemployment claims rose by +44,000 to a 3-month high of 236,000, showing a weaker labor market than expectations of 220,000.
The US Sep trade deficit unexpectedly shrank to -$52.8 billion versus expectations of a widening to -$63.1 billion and the smallest deficit in 5.25 years.
The markets are discounting a 22% chance that the FOMC will cut the fed funds target range by 25 bp at the January 27-28 FOMC meeting.
Q3 corporate earnings season is drawing to a close as 495 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are mixed today. The Euro Stoxx 50 is up +0.52%. China’s Shanghai Composite closed down -0.70%. Japan’s Nikkei Stock 225 closed down -0.90%.
Interest Rates
March 10-year T-notes (ZNH6) today are up by +14 ticks. The 10-year T-note yield is down -4.1 bp to 4.106%. T-notes are climbing today as weakness in stocks has prompted some safe-haven buying of government debt. T-notes also have carryover support from Wednesday when the FOMC cut its 2025 and 2026 US core PCE price estimates, and Fed Chair Powell said that he doesn't think a rate hike is anybody's base case for the Fed's next policy move. T-notes held their gains after weekly jobless claims unexpectedly rose to a 3-month high, a dovish factor for Fed policy. Supply pressures may limit further upside in T-notes ahead of the Treasury’s $22 billion auction of 30-year T-bonds later today.
European government bond yields are moving lower today. The 10-year German bund yield is down by -0.2 bp to 2.849%. The 10-year UK gilt yield is down by -2.6 bp to 4.480%.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Oracle (ORCL) is down more than -13% to lead the S&P 500 losers, and AI-infrastructure stocks are lower today after reporting Q2 adjusted revenue of $16.06 billion, below the consensus of $16.21 billion, and raising its 2026 capital spending outlook by $15 billion to $50 billion. CoreWeave (CRWV) is down more than -7%, and Nebius Group NV (NBIS) is down more than -6% on the news.
Chip makers are sliding today, weighing on the broader market. ARM Holdings Plc (ARM) is down more than -3% to lead losers in the Nasdaq 100, and Advanced Micro Devices (AMD) is down more than -3%. Also, Nvidia (NVDA) is down more than -2% to lead losers in the Dow Jones Industrials, and Broadcom (AVGO), Applied Materials (AMAT), and Lam Research (LRCX) are down more than -2%. In addition, GlobalFoundries (GFS), Marvell Technology (MRVL), Micron Technology (MU), and KLA Corp (KLAC) are down more than -1%.
Cryptocurrency-exposed stocks are under pressure today with Bitcoin (^BTCUSD) down more than -2%. Galaxy Digital Holdings (GLXY), Riot Platforms (RIOT), Strategy (MSTR), MARA Holdings (MARA), and Coinbase Global (COIN) are down more than -2%.
Oxford Industries (OXM) is down more than -15% after cutting its 2026 adjusted EPS forecast to $2.20-$2.40 from a previous estimate of $2.80-$3.20, well below the consensus of $2.91.
Lovesac Co (LOVE) is down more than -8% after cutting its 2026 net sales forecast to $685 million-$705 million from a previous forecast of $710 million-$740 million, weaker than the consensus of $713.7 million.
Stellantis NV (STLA) is down more than -3% after BNP Paribas Exane downgraded the stock to underperform from neutral.
Coherent (COHR) is down more than -2% after Bain Capital unloaded $987.3 million of its Coherent holdings via an unregistered block trade.
Gemini Space Station Inc (GEMI) is up more than +6% after the company’s application for a derivatives exchange was approved by the Commodity Futures Exchange Commission.
Ciena Corp (CIEN) is up more than +4% after reporting Q4 revenue of $1.35 billion, better than the consensus of $1.29 billion.
Unity Software (U) is up more than +4% after Piper Sandler upgraded the stock to overweight from neutral with a price target of $59.
Adobe (ADBE) is up more than +2% to lead gainers in the Nasdaq 100 after forecasting Q1 adjusted EPS of $5.85 to $5.90, stronger than the consensus of $5.66.
West Pharmaceutical Services (WST) is up more than +1% after Nephron Research LLC upgraded the stock to buy from hold with a price target of $367.
JB Hunt Transport Services (JBHT) is up more than +1% after Deutsche Bank upgraded the stock to buy from hold with a price target of $227.
Earnings Reports(12/11/2025)
Broadcom Inc (AVGO), Ciena Corp (CIEN), Costco Wholesale Corp (COST), Lululemon Athletica Inc (LULU), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Mixed as a Plunge in Oracle Weighs on Tech Stocks

Have you been paying attention to shares of Lam Research (LRCX)? Shares have been on the move with the stock up 4.2% over the past month. The stock hit a new 52-week high of $169.69 in the previous session. Lam Research has gained 133% since the start of the year compared to the 29.7% gain for the Zacks Computer and Technology sector and the 60% return for the Zacks Electronics - Semiconductors industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 22, 2025, Lam Research reported EPS of $1.26 versus consensus estimate of $1.21.
For the current fiscal year, Lam Research is expected to post earnings of $4.79 per share on $21.04 in revenues. This represents a 15.7% change in EPS on a 14.11% change in revenues. For the next fiscal year, the company is expected to earn $5.57 per share on $23.63 in revenues. This represents a year-over-year change of 16.23% and 12.33%, respectively.
Valuation Metrics
While Lam Research has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Lam Research has a Value Score of D. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 35.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 37.7X. On a trailing cash flow basis, the stock currently trades at 37.7X versus its peer group's average of 22.8X. Additionally, the stock has a PEG ratio of 1.73. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Lam Research currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Lam Research meets the list of requirements. Thus, it seems as though Lam Research shares could have potential in the weeks and months to come.
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But the rocket ride in the "first wave" of AI stocks may soon come to an end. The sharp upward trajectory of these stocks will begin to level off, leaving exponential growth to a new wave of cutting-edge companies.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Lam Research Corporation (LRCX) Soars to 52-Week High, Time to Cash Out?

The S&P 500 Index ($SPX) (SPY) on Wednesday closed up by +0.67%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +1.05%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.42%. December E-mini S&P futures (ESZ25) rose +0.66%, and December E-mini Nasdaq futures (NQZ25) rose +0.44%.
Stock indexes shook off early weakness on Wednesday and settled higher, with the S&P 500 posting a 6-week high, the Nasdaq 100 a 5-week high, and the Dow Jones Industrial Average a 3.5-week high. Stocks rallied on Wednesday after the Fed cut interest rates by 25 bp and Fed Chair Powell took a less hawkish tone than anticipated. Stocks also found support after the Fed raised its US 2025 GDP forecast and lowered its core PCE price forecast. In addition, the Fed boosted market liquidity by saying it will purchase $40 billion of T-bills per month to rebuild reserves.
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Stocks found some support today amid signs of easing wage pressures, which are dovish for Fed policy, after the US Q3 employment cost index rose by +0.8% q/q, slightly weaker than the +0.9% q/q expected.
US MBA mortgage applications rose +4.8% in the week ended December 5, with the purchase mortgage sub-index down -2.4% and the refinancing mortgage sub-index up +14.3%. The average 30-year fixed rate mortgage rose +1 bp to 6.33% from 6.32% in the prior week.
The FOMC, as expected, cut the fed funds target range by 25 bp to 3.50%-3.75% in a 9-3 vote and said it will consider "the extent and timing of additional adjustments" to interest rates. The FOMC noted that "job gains have slowed this year" and "downside risks to employment rose in recent months." Also, "inflation has moved up since earlier in the year and remains somewhat elevated."
The Fed's "dot plot" of interest rate projections shows the median forecast for the fed funds rate is 3.375% for the end of 2026, implying one 25 bp rate cut next year, unchanged from September.
The FOMC raised its 2025 GDP estimate to 1.7% from 1.6% in September and raised its 2026 GDP estimate to 2.3% from 1.8% in September. The FOMC cut its 2025 core PCE price estimate to 3.0% from 3.1% in September and cut its 2026 core PCE price estimate to 2.5% from 2.6% in September.
The Fed said it will begin buying $40 billion of Treasury bills per month starting December 12 to rebuild reserves in the financial system, which shrank as it tightened its balance sheet.
Fed Chair Powell signaled the Fed may now pause its interest rate cutting campaign when he said the Fed is now "within a range of plausible estimates of neutral and leave us well positioned to determine the extent and timing of additional adjustments" to rates. He added that he doesn't think a rate hike is anybody's base case for the Fed's next policy move.
The markets this week will focus on Thursday’s weekly initial unemployment claims, expected to increase by +29,000 to 220,000.
The markets are discounting a 22% chance that the FOMC will cut the fed funds target range by 25 bp at the January 27-28 FOMC meeting.
Q3 corporate earnings season is drawing to a close as 495 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets settled lower on Wednesday. The Euro Stoxx 50 closed down -0.18%. China’s Shanghai Composite closed down -0.23%. Japan’s Nikkei Stock 225 fell from a 3.5-week high and closed down -0.10%.
Interest Rates
March 10-year T-notes (ZNH6) on Wednesday closed up +4 ticks. The 10-year T-note yield fell -4.1 bp to 4.147%. Mar T-note futures rebounded from a 3-month low on Wednesday and moved higher, and the 10-year T-note yield fell from a 3-month high of 4.207%. T-notes found support after the US Q3 employment index rose less than expected, a dovish factor for Fed policy. T-notes added to their gains after the FOMC cut its 2025 and 2026 US core PCE price estimates and after Fed Chair Powell said that he doesn't think a rate hike is anybody's base case for the Fed's next policy move.
T-notes were initially under pressure early Wednesday amid concerns that a divided FOMC will signal a hawkish rate cut of -25 bp, but then signal policy will remain on hold for an extended period. T-notes also saw some negative carryover from hawkish ECB comments on Wednesday, which pushed the German 10-year bund yield to an 8.75-month high.
European government bond yields are moving higher today. The 10-year German bund yield climbed to an 8.75-month high of 2.895% and finished up by +0.1 bp to 2.851%. The 10-year UK gilt yield rose to a 2.5-week high of 4.554% and is up by +0.1 bp to 4.506%.
ECB President Lagarde said the ECB will likely raise its economic growth forecasts at next week's policy meeting, reflecting a more optimistic outlook.
ECB Governing Council member Simkus said, "We have an inflation rate that is more or less close to the 2% target in the medium term, which suggests no need for a change in interest rates, not only at the next ECB meeting in December but also in further meetings."
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Chip makers rallied on Wednesday, helping lift the broader market. Micron Technology (MU) and Marvell Technology (MRVL) closed up more than +4%, and Applied Materials (AMAT) and Qualcomm (QCOM) closed up more than +3%. Also, Analog Devices (ADI), Broadcom (AVGO), GlobalFoundries (GFS), Lam Research (LRCX), Microchip Technology (MCHP), NXP Semiconductors NV (NXPI), KLA Corp (KLAC), and Texas Instruments (TXN) closed up more than +1%.
Mobile grocery delivery service companies retreated on Wednesday after Amazon.com said it has expanded same-day delivery for perishable groceries to over 2,300 cities and towns, with more coming next year. Maplebear (CART) closed down more than -6% and Uber Technologies (UBER) closed down more than -5% to lead losers in the S&P 500. Also, DoorDash (DASH) closed down more than -4%.
Photronics (PLAB) closed up more than +45% after reporting Q4 adjusted EPS of 60 cents, well above the consensus of 45 cents, and forecasting Q1 adjusted EPS of 51 cents to 59 cents, better than the consensus of 46 cents.
GE Vernova (GEV) closed up more than +15% to lead gainers in the S&P 500 after boosting its stock buyback program to $10 billion and doubling its quarterly dividend to 50 cents.
EchoStar (SATS) closed up more than +10% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $110.
Middleby Corp. (MIDD) closed up more than +9% after Jeffries upgraded the stock to buy from hold with a price target of $175.
American International Group (AIG) closed up more than +6% after Insurance Inside reported that Chubb made an informal takeover offer for the company.
PepsiCo (PEP) closed up more than +3% after JPMorgan Chase upgraded the stock to overweight from neutral with a price target of $164.
Waters Corp. (WAT) closed up more than +2% after Wolfe Research upgraded the stock to outperform from peer perform with a price target of $480.
AeroVironment (AVAV) closed down -13% after cutting its 2026 adjusted EPS forecast to $3.40-$3.55 from a previous forecast of $3.60-$3.70, below the consensus of $3.63.
Netflix (NFLX) closed down more than -4% after Paramount said in a letter to Warner Bros. Discovery holders that its offer of $30 per share is superior to Netflix’s offer.
GameStop (GME) closed down more than -4% after reporting Q3 net sales fell -4.6% y/y to $821.0 million.
Noble Corp Plc (NE) closed down more than -2% after JPMorgan Chase downgraded the stock to neutral from overweight.
T Rowe Price Group (TROW) closed down more than 1% after reporting that assets under management in Nov fell -0.2% m/m to $1.79 trillion.
Earnings Reports(12/11/2025)
Broadcom Inc (AVGO), Ciena Corp (CIEN), Costco Wholesale Corp (COST), Lululemon Athletica Inc (LULU), RH (RH).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Rally as Fed Cuts Interest Rates and Boosts Liquidity

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Lam Research (LRCX), which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Lam Research currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if LRCX is a promising momentum pick, let's examine some Momentum Style elements to see if this semiconductor equipment maker holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For LRCX, shares are up 1.73% over the past week while the Zacks Electronics - Semiconductors industry is up 4.96% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 4.17% compares favorably with the industry's 4.17% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Shares of Lam Research have increased 37.64% over the past quarter, and have gained 120.7% in the last year. On the other hand, the S&P 500 has only moved 5.34% and 14.25%, respectively.
Investors should also pay attention to LRCX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. LRCX is currently averaging 10,412,334 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with LRCX.
Over the past two months, 11 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost LRCX's consensus estimate, increasing from $4.53 to $4.79 in the past 60 days. Looking at the next fiscal year, 6 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that LRCX is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Lam Research on your short list.
Zacks Naming Top 10 Stocks for 2026
Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5.
Be First to New Top 10 Stocks >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why Lam Research (LRCX) is a Great Momentum Stock to Buy

Applied Materials AMAT shares have gained 56.1% in the past year, outperforming the Zacks Computer and Technology sector’s growth of 24.8%. This rise in share price raises a question: Should investors buy, hold or sell the stock? Let’s discuss the fundamentals in detail.
AMAT One-Year Performance Chart
Image Source: Zacks Investment Research
AMAT Experiences Traction Across Logic, DRAM & Packaging
Applied Materials is benefiting from rising demand for AI infrastructure as the global data center, cloud and technology space moves toward AI integration, raising the demand for fabrication, patterning and advanced packaging systems. To capitalize on this trend, AMAT has introduced three new semiconductor manufacturing systems, including Kinex Bonding System, Centura Xtera Epi System and PROVision 10 eBeam Metrology System.
In Logic, AMAT’s revenues are driven by the shift from FinFET to Gate-All-Around transistors and backside power delivery. AMAT is also experiencing a strong wave of momentum in the DRAM segment. AMAT’s profits are growing due to traction in high-margin logic foundry solutions, Sym3 Magnum etch system, Cold Field Emission eBeam technology used in the manufacturing of AI and high performance computing chips.
AMAT expects its leading-edge foundry, logic, dynamic random access memory and high bandwidth memory to be the fastest-growing wafer fabrication equipment businesses in 2026. AMAT’s advanced packaging business, which is currently valued at $1.5 billion, is still on track to double to $3 billion over the next few years, driven by HBM demand and next-generation packaging architectures.
AMAT restructured its pricing program, and it is expected to contribute most of the 120-bps gross margin expansion in the coming fiscal year. This cost restructuring will further provide AMAT with enough headroom to ramp up its R&D investments. AMAT is setting up the Equipment and Process Innovation and Commercialization center for research, which is expected to be operational by 2026. These developments in AMAT’s growth story have instilled confidence among investors, which has translated into a surge in stock price.
AMAT’s 50-Day and 200-Day SMA Show Bullish Trend
This surge in the stock price has led AMAT’s shares to trade above the 200-day and 50-day moving averages, indicating a bullish trend.
Image Source: Zacks Investment Research
Macroeconomic and Competitive Pressures Weigh on AMAT
A major headwind for Applied Materials is increasing U.S.-China tensions and export restrictions on semiconductor manufacturing equipment. China remains a crucial market for Applied Materials, accounting for a significant portion of total revenues. However, U.S. government restrictions on selling advanced semiconductor equipment to Chinese manufacturers are hurting Applied Materials’ sales and growth outlook.
Moreover, the broader semiconductor market is recovering, but memory markets, including DRAM and NAND, remain weak. The company expects only a gradual recovery in memory-related semiconductor demand in 2025, which could weigh on Applied Materials’ revenue growth in the near term. Furthermore, the competition from players like KLA Corp. KLAC, Lam Research LRCX and ASML Holding ASML in the semiconductor supply chain market is also a concern for AMAT.
Lam Research’s memory segment, accounting for both Dynamic Random Access Memory and Non-Volatile Memory divisions, is gaining traction on the back of AI. Lam Research’s memory and Non-Volatile Memory division’s sales are gaining traction. The rising demand for AI chips is also ramping up the demand for advanced process control and process-enabling solutions provided by KLA Corp.
KLAC’s advanced packaging solutions are also experiencing robust traction on the back of AI and high-performance computing. ASML Holding’s DRAM and logic customers are driving the demand for its products. These customers are ramping up leading-edge nodes using ASML’s NXE:3800E EUV systems. Additionally, ASML noted that multiple DRAM customers are adopting EUV lithography, which helps in shortening cycle time and lowering costs.
AMAT Stock is Overvalued at Present
Applied Materials shares are trading at a forward price-to-sales ratio of 7.28X, higher than the industry’s average of 6.79X.
AMAT Forward 12 Month (P/S) Valuation Chart
Image Source: Zacks Investment Research
Conclusion: Hold AMAT Stock Now
Applied Materials enjoys powerful AI-driven momentum across logic, DRAM and advanced packaging, supported by expanding margins and rising investor confidence. Yet export restrictions, competitive pressure and a stretched valuation limit near-term upside. Considering these factors, we suggest that investors should retain this Zacks Rank #3 (Hold) stock at present. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
Zacks Naming Top 10 Stocks for 2026
Want to be tipped off early to our 10 top picks for the entirety of 2026? History suggests their performance could be sensational.
From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2025, the Zacks Top 10 Stocks gained +2,530.8%, more than QUADRUPLING the S&P 500’s +570.3%.
Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2026. Don’t miss your chance to get in on these stocks when they’re released on January 5.
Be First to New Top 10 Stocks >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

AMAT Rises 56% in a Year: Should You Buy, Sell or Hold the Stock?

In recent trading, shares of Lam Research Corp (Symbol: LRCX) have crossed above the average analyst 12-month target price of $702.18, changing hands for $706.15/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 17 different analyst targets within the Zacks coverage universe contributing to that average for Lam Research Corp, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $575.00. And then on the other side of the spectrum one analyst has a target as high as $800.00. The standard deviation is $61.506.
But the whole reason to look at the average LRCX price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with LRCX crossing above that average target price of $702.18/share, investors in LRCX have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $702.18 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Lam Research Corp:
Recent LRCX Analyst Ratings Breakdown
»
Current
1 Month Ago
2 Month Ago
3 Month Ago
Strong buy ratings:
11
11
12
12
Buy ratings:
1
1
1
1
Hold ratings:
8
8
6
5
Sell ratings:
0
0
0
0
Strong sell ratings:
0
0
0
0
Average rating:
1.83
1.83
1.66
1.58
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on LRCX — FREE.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

LRCX Crosses Above Average Analyst Target

The S&P 500 Index ($SPX) (SPY) on Monday closed down by -0.35%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down by -0.45%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed down by -0.25%. December E-mini S&P futures (ESZ25) fell -0.35%, and December E-mini Nasdaq futures (NQZ25) fell -0.27%.
Stock indexes settled lower on Monday, pressured by higher bond yields. The 10-year T-note yield climbed to a 2.25-month high on Monday at 4.19% and finished up +4 bp at 4.17%. However, stocks have support on expectations that the Fed will cut interest rates following the 2-day FOMC meeting that ends on Wednesday. Market seasonals are also supportive of stocks, as December is typically a bullish month. Strength in chip stocks on Monday limited losses in the Nasdaq 100.
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M&A activity and positive corporate news are also supportive for stocks. Confluent closed up more than +29% after IBM acquired the company for about $11 billion, including debt. Also, Carvana closed up more than +12% after S&P Dow Jones Indices said the company will replace LKQ Corp in the S&P 500 before trading begins on Monday, December 22.
The markets this week will focus on government reports and the FOMC meeting. On Tuesday, Oct JOLTS job openings are expected to increase by 7,150. On Wednesday, the Q3 employment cost index is expected to climb by +0.9%. The results of the Tue/Wed FOMC meeting are expected to show a -25 bp cut in the federal funds target range to 3.50%-3.75%. The markets will also look at the Fed's summary of economic projections and its dot-plot interest rate forecast. In addition, post-meeting comments from Fed Chair Powell on Wednesday about the future direction of interest rates could move the markets. On Thursday, weekly initial unemployment claims are expected to increase by +29,000 to 220,000.
Monday’s Chinese trade report was mixed as China’s Nov exports rose +5.9% y/y, stronger than expectations of +4.0% y/y. However, Nov imports rose by only +1.9% y/y, weaker than expectations of +3.0% y/y.
President Trump said last Tuesday that he will announce his selection for the new Fed Chair in early 2026. Bloomberg reported last week that National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Powell. The Fed’s independence would come into question, as Hassett supports President Trump’s approach to cutting interest rates at the Fed.
The markets are discounting a 99% chance of another -25 bp rate cut at the conclusion of the 2-day FOMC meeting on Wednesday.
Q3 corporate earnings season is drawing to a close as 495 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets settled higher on Monday. The Euro Stoxx 50 closed up +0.03%. China’s Shanghai Composite rallied to a 2-week high and closed up +0.54%. Japan’s Nikkei Stock 225 closed up +0.18%.
Interest Rates
March 10-year T-notes (ZNH6) on Monday closed down -8.5 ticks. The 10-year T-note yield rose +3.5 bp to 4.17%. Mar T-note futures slid to a 2.25-month low on Monday, and the 10-year T-note yield rose to a 2.25-month high of 4.19%. Supply pressures are undercutting T-note prices as the Treasury will auction $119 billion of T-notes and T-bonds this week. Also, T-notes are weighed down by negative carryover from a fall in Japanese 10-year JGB bond prices to an 18-year low today, amid prospects for a BOJ rate hike later this month. T-notes recovered from their worst level on strong demand for the Treasury’s $58 billion auction of 3-year T-notes that had a bid-to-cover ratio of 2.64, better than the 10-auction average of 2.63.
European government bond yields moved higher on Monday. The 10-year German bund yield climbed to an 8.5-month high of 2.876% and finished up by +6.3 bp to 2.862%. The 10-year UK gilt yield rose to a 1.5-week high of 4.546% and finished up by +5.2 bp to 4.528%.
The Eurozone Dec Sentix investor confidence index rose by +1.2 to -6.2, slightly stronger than expectations of -6.3.
German Oct industrial production rose +1.8% m/m, stronger than expectations of +0.3% m/m and the biggest increase in 7 months.
ECB Executive Board member Isabel Schnabel said risks to the Eurozone economy and inflation are tilted to the upside, and she's "rather comfortable" with market expectations that the ECB's next interest rate move will be an increase.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Chip makers moved higher on Monday, a supportive factor for stocks. Micron Technology (MU) closed up more than +4% and ON Semiconductor (ON) closed up +3%. Also, Microchip Technology (MCHP), Broadcom (AVGO), GlobalFoundries (GFS), and Lam Research (LRCX) closed up more than +2%. In addition, ASML Holding NV (ASML), Nvidia (NVDA), and Advanced Micro Devices (AMD) closed up more than +1%.
Air Products and Chemicals (APD) closed down more than -9% to lead losers in the S&P 500 after the company said it was working with Yara International to establish a long-term partnership on a pair of ammonia projects in the US and Saudi Arabia.
Marvell Technology (MRVL) closed down more than -6% to lead losers in the Nasdaq 100 after Benchmark Company LLC downgraded the stock to hold from buy.
Range Resources (RRC) closed down more than -4% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $39.
Tesla (TSLA) closed down more than -3% after Morgan Stanley downgraded the stock to equal weight from overweight.
Boston Scientific (BSX) closed down more than -3% after Nephron Research downgraded the stock to hold from buy.
Rivian Automotive (RIVN) closed down more than -2% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $12.
Lennar (LEN) closed down more than -2% after Barclays downgraded the stock to underweight from equal weight with a price target of $98.
CoreWeave (CRWV) closed down more than -2% after announcing it intends to offer $2 billion convertible senior notes due 2031 in a private offering.
Kymers Therapeutics (KYMR) closed up more than +41% after reporting positive clinical results from its BroADen Phase 1b trial of KT-621, an oral STAT6 degrader, in patients with moderate to severe atopic dermatitis.
Confluent (CFLT) closed up more than +29% after International Business Machines acquired the company for about $11 billion, or about $31 a share.
Carvana (CVNA) closed up more than +12% after S&P Dow Jones Indices said the company will replace LKQ Corp in the S&P 500 before trading begins on Monday, December 22.
Paramount Skydance (PSKY) closed up more than +9% to lead gainers in the S&P 500 after it launched a hostile takeover bid for Warner Bros Discovery.
CRH Plc (CRH) closed up more than +5% after S&P Dow Jones Indices said the company will replace Solstice Advanced Materials in the S&P 500 before trading begins on Monday, December 22.
Inspire Medical Systems (INSP) closed up more than +5% after Oppenheimer & Co. upgraded the stock to outperform from market perform with a price target of $175.
Warner Bros Discovery (WBD) closed up more than +4% to lead gainers in the Nasdaq 100 after Paramount Skydance offered $30 a share for the company, above Netflix’s offer of $27.75 a share.
Earnings Reports(12/9/2025)
AutoZone Inc (AZO), Campbell's Company/The (CPB), Casey's General Stores Inc (CASY), Core & Main Inc (CNM), Ferguson Enterprises Inc (FERG), GameStop Corp (GME), Ollie's Bargain Outlet Holding (OLLI), SailPoint Inc (SAIL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Retreat as Bond Yields Rise

The S&P 500 Index ($SPX) (SPY) today is down by -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down by -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.33%. December E-mini S&P futures (ESZ25) are down -0.03%, and December E-mini Nasdaq futures (NQZ25) are up +0.30%.
Stock indexes are mixed today. Higher bond yields are negative for stocks, as the 10-year T-note yield climbed to a 2-week high today of 4.16% and is currently up +1 bp. However, stocks have support on expectations that the Fed will cut interest rates following the 2-day FOMC meeting that ends on Wednesday. Market seasonals are also supportive of stocks, as December is typically a bullish month. Strength in chip stocks today is providing a bullish backdrop to the overall market.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
M&A activity and positive corporate news are also helping to push stocks higher. Confluent is up more than +27% after IBM acquired the company for about $11 billion, including debt. Also, Carvana is up more than +7% after S&P Dow Jones Indices said the company will replace LKQ Corp in the S&P 500 before trading begins on Monday, December 22.
The markets this week will focus on government reports and the FOMC meeting. On Tuesday, Oct JOLTS job openings are expected to increase by 7,150. On Wednesday, the Q3 employment cost index is expected to climb by +0.9%. The results of the Tue/Wed FOMC meeting are expected to show a 25 bp cut in the fed funds target range to 3.50%-3.75%. The markets will also look to post-meeting comments from Fed Chair Powell on the future direction of interest rates. On Thursday, weekly initial unemployment claims are expected to increase by +29,000 to 220,000.
Today’s Chinese trade report was mixed as China’s Nov exports rose +5.9% y/y, stronger than expectations of +4.0% y/y. However, Nov imports rose by only +1.9% y/y, weaker than expectations of +3.0% y/y.
President Trump said last Tuesday that he will announce his selection for the new Fed Chair in early 2026. Bloomberg reported last week that National Economic Council Director Kevin Hassett is seen as the likely choice to succeed Powell. The Fed’s independence would come into question, as Hassett supports President Trump’s approach to cutting interest rates at the Fed.
The markets are discounting a 100% chance of another -25 bp rate cut at the conclusion of the 2-day FOMC meeting on Wednesday.
Q3 corporate earnings season is drawing to a close as 495 of the 500 S&P companies have released results. According to Bloomberg Intelligence, 83% of reporting S&P 500 companies exceeded forecasts, on course for the best quarter since 2021. Q3 earnings rose +14.6%, more than doubling expectations of +7.2% y/y.
Overseas stock markets are higher today. The Euro Stoxx 50 is up +0.03%. China’s Shanghai Composite rallied to a 2-week high and closed up +0.54%. Japan’s Nikkei Stock 225 closed up +0.18%.
Interest Rates
March 10-year T-notes (ZNH6) today are down -3 ticks. The 10-year T-note yield is up +1.2 bp to 4.147%. Mar T-note futures slid to a 2-week low today, and the 10-year T-note yield rose to a 2-week high of 4.159%. Today's strength in stocks is weighing on T-note prices. Also, supply pressures are undercutting T-note prices as the Treasury will auction $119 billion of T-notes and T-bonds this week, beginning with today’s $58 billion auction of 3-year T-notes. In addition, T-notes were weighed down by negative carryover from a fall in Japanese 10-year JGB bond prices to an 18-year low today, amid prospects for a BOJ rate hike later this month.
European government bond yields are moving higher today. The 10-year German bund yield climbed to an 8.5-month high of 2.846% and is up by +4.1 bp to 2.839%. The 10-year UK gilt yield rose to a 1.5-week high of 4.524% and is up by +2.0 bp to 4.496%.
The Eurozone Dec Sentix investor confidence index rose by +1.2 -6.2, stronger than expectations of -6.3.
German Oct industrial production rose +1.8% m/m, stronger than expectations of +0.3% m/m and the biggest increase in 7 months.
ECB Executive Board member Isabel Schnabel said risks to the Eurozone economy and inflation are tilted to the upside, and she's "rather comfortable" with market expectations that the ECB's next interest rate move will be an increase.
Swaps are discounting a 1% chance for a -25 bp rate cut by the ECB at its next policy meeting on December 18.
US Stock Movers
Chip makers are moving higher today and are supporting gains in the broader market. Micron Technology (MU) is up more than +4% and Broadcom (AVGO) is up more than +3%. Also, Advanced Micro Devices (AMD), Lam Research (LRCX), and ASML Holding NV (ASML) are up more than +2%. In addition, Nvidia (NVDA), ON Semiconductor (ON), KLA Corp (KLAC), and Microchip Technology (MCHP) are up more than +1%.
Cryptocurrency-exposed stocks are climbing today, with Bitcoin (^BTCUSD) up more than +3%. Strategy (MSTR), Coinbase Global (COIN), and MARA Holdings (MARA) are up more than +2%. Also, Galaxy Digital Holdings (GLXY) and Riot Platforms (RIOT) are up more than +1%.
Kymers Therapeutics (KYMR) is up more than +41% after reporting positive clinical results from its BroADen Phase 1b trial of KT-621, an oral STAT6 degrader, in patients with moderate to severe atopic dermatitis.
Confluent (CFLT) is up more than +27% after International Business Machines acquired the company for about $11 billion, or about $31 a share.
Warner Bros Discovery (WBD) is up more than +6% to lead gainers in the S&P 500 and Nasdaq 11 after Paramount Skydance offered $30 a share for the company, above Netflix’s offer of $27.75 a share.
Carvana (CVNA) is up more than +7% after S&P Dow Jones Indices said the company will replace LKQ Corp in the S&P 500 before trading begins on Monday, December 22.
CRH Plc (CRH) is up more than +5% after S&P Dow Jones Indices said the company will replace Solstice Advanced Materials in the S&P 500 before trading begins on Monday, December 22.
Compass Inc (COMP) is up more than +4% after Barclays upgraded the stock to overweight from equal weight with a price target of $13.
Inspire Medical Systems (INSP) is up more than +1% after Oppenheimer & Co upgraded the stock to outperform from market perform with a price target of $175.
Marvell Technology (MRVL) is down more than -8% to lead losers in the Nasdaq 100 after Benchmark Company LLC downgraded the stock to hold from buy.
CoreWeave (CRWV) is down more than -5% after announcing it intends to offer $2 billion convertible senior notes due 2031 in a private offering.
Range Resources (RRC) is down more than -2% after JPMorgan Chase downgraded the stock to underweight from neutral with a price target of $39.
Rivian Automotive (RIVN) is down more than -2% after Morgan Stanley downgraded the stock to underweight from equal weight with a price target of $12.
Lennar (LEN) is down more than -2% after Barclays downgraded the stock to underweight from equal weight with a price target of $98.
Tesla (TSLA) is down more than -2% after Morgan Stanley downgraded the stock to equal weight from overweight.
Earnings Reports(12/8/2025)
Barnes & Noble Education Inc (BNED), Compass Minerals International (CMP), Mama's Creations Inc (MAMA), Oil-Dri Corp of America (ODC), Ooma Inc (OOMA), Phreesia Inc (PHR), Rezolve AI PLC (RZLV), Toll Brothers Inc (TOL).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Indicator	TTM Median
P/E	24.20 30.30
Price/Sales	7.04 2.64
P/B	12.92 2.77
P/FCF	23.93 24.23

Indicator	TTM Median
ROE	58.47 15.42
ROA	26.56 6.61
ROI	40.38 9.70
Net Worth	129.56 1.06
Quick Ratio	1.55 1.55
Current Ratio	2.21 1.86

Indicator	TTM Median
Net Profit Margin	29.06 9.60
Operating Margin	32.01 11.23
Gross Margin	48.71 49.59
Return on tangible equity	72.58 31.02

Indicator	TTM Median
EPS	1.33 0.25
EPS Forecast	1.20 0.21
Revenue	5.17B 74.00M
Gross Profit	2.59B —
EBITDA	1.84B —

Lam Research Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

Debts

Efficiency

Other ratios

Revenue