Tokyo Electron fell sharply. Following Lam Research’s earnings release, the decline in its shares in after-hours trading triggered selling across semiconductor manufacturing equipment stocks.
Tokyo Electron fell sharply and recent market moves are weighing on semiconductor manufacturing equipment stocks. Lam Research’s decline in after-hours trading is seen as the backdrop, with the impact spreading to related names.
Lam Research’s July–September results slightly exceeded market expectations for sales and profit, but its October–December sales forecast was roughly in line with market expectations and was viewed as underwhelming.
In the US market, strong growth in SpaceX’s AI-related business supported the rise in the SOX Index, but Lam Research’s after-hours decline is weighing on semiconductor manufacturing equipment stocks.