Semiconductors power many devices and appliances that we use every day. They form the bedrock for smartphones, computers, cars, refrigerators, and other essentials. Semiconductors have also been a reliable industry for investors seeking high returns. Many of the top corporations in the stock market are semiconductor firms or rely on the industry to generate higher revenue growth. If you want to see how well semiconductor stocks have performed over the years, the iShares Semiconductor ETF (NASDAQ
In the closing of the recent trading day, Lam Research (LRCX) stood at $1,054.78, denoting a -0.09% change from the preceding trading day.
Applied Materials and Lam Research saw their shares rise after memory-chip maker Micron forecast a sizable increase in capital spending.