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Barchart
Wajeeh Khan

FORGOTTEN HISTORY: A 25 billion reason why lrcx stock is up today - Caught on Camera

LRCX Lam Research Wall Street

Lam Research (LRCX) stock is extending gains on Nov. 6 after the semiconductor equipment firm announced a massive new capital return program. In a press release this morning, the company said its board has approved a $25 billion share repurchase plan, reinforcing confidence in the company’s long-term earnings potential.

The announcement arrives as Lam Research shares have been struggling to regain momentum, currently trading at less than half their price in late June.

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