On September 28, Lam Research fell 3.18% in pre-market trading, trading at $305.73/share, with turnover of $2.81 million.

On the news front, the Federal Reserve recently announced a 25-basis-point rate hike to the 3.75%-4.00% range, marking the first increase in three years. The 10-year U.S. Treasury yield has climbed above 5%, and the elevated interest rate environment is exerting significant downward pressure on valuation-sensitive semiconductor stocks. The broader semiconductor equipment sector weakened in tandem, with AXT Inc down 4.19%, Applied Materials down 3.21%, Teradyne down 3.11%, KLA Corporation down 2.88%, and ASML Holding down 1.35%.

Lam Research is a global leader in semiconductor wafer fabrication equipment and services, with core operations spanning memory, foundry, and logic chip manufacturing. As a high-growth, high-multiple name, the stock remains particularly sensitive to shifts in the rate outlook and tighter financial conditions across the technology sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)