Lam Research (LRCX) closed at $366 in the latest trading session, marking a -1.23% move from the prior day.
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As one of the leading providers of wafer fabrication equipment used in semiconductor manufacturing, Lam Research (NASDAQ: LRCX) may be one of the most important companies in the world. Chipmakers rely on its tools to produce the semiconductors that are vital to everything from data storage to smart cars to mobile devices. Despite this, shares of Lam Research are down 47% year to date.