Today's video focuses on Lam Research (NASDAQ: LRCX), Micron Technology (NASDAQ: MU), and the current state of the memory market. Lam Research provides the equipment needed for the manufacturing process of memory technology, and historically its revenue is not affected much by the headwinds memory makers like Micron experience.
How Micron's current picture is similar to Nvidia's. Shares of footwear company Allbirds are falling as the young company learns some harsh lessons about business and growth. Motley Fool host Alison Southwick and Motley Fool personal finance expert Robert Brokamp look to "The Great Resignation" to find examples of what job-seekers should consider if they think we're heading for a recession.
The average selling price for DRAM chips rose 8% in Micron's fiscal 2021 as demand outpaced supply. Combined with higher bit volumes and the constant driving down of per-bit manufacturing costs, Micron's profits went through the roof. Micron churned out $5.86 billion of net income on $27.7 billion of revenue in fiscal 2021.