Good MorningSummer trading has been unusually punishing, with thin liquidity magnifying every disappointment and driving quality stocks into deep pullbacks. Investors still believe in the AI buildout, but they now demand visible revenue, margins, and cash flow before rewarding higher spending.
Last week showed how selective the market has become. Microsoft and Amazon strengthened confidence by linking AI investment to growth, while Meta slipped because heavier spending lacked equally convincing monetization. The Fed was the lone macro driver, briefly unsettling positioning before buyers defended support, reinforcing the view that durable earnings quality matters more than broad risk appetite.
This week shifts fully to what comes next. SpaceX reports Tuesday, with Starlink demand, cash burn, and operating plans shaping whether investors can look beyond valuation concerns. AMD follows with a pivotal test of MI450 and Helios demand, future revenue visibility, and its ability to challenge NVIDIA in inference. Bloom Energy must show data-center power demand converting into cash flow, while Cloudflare needs to prove AI traffic can support durable monetization. Featured: Jon Najarian's #1 Energy Trade for 2026 (Ad) 
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Markets | |
Fixed-income exchange-traded funds (ETFs) have quietly built up significant inflows this year, a sign that investors are looking for income without having to make an aggressive bet on falling interest rates. These funds have drawn about $300 billion in new investments since the start of 2026, a num... Read the Full Story |
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From Our Partners | | Trump has called an Iran deal close 38 times since the war began, yet the fighting keeps flaring back up.
One day it's a ceasefire, the next it's bombs again. The back and forth may be masking a bigger story most investors are missing.
See the real reason this conflict may never fully end. | | Uncover the real reason Trump may never end this war |
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Healthcare | |
AbbVie (NYSE: ABBV) isn’t what it once was, a one-trick pony dependent on Humira. Today, AbbVie is a well-diversified business with numerous blockbusters. No longer dependent on a single product or segment, the company has nimbly moved past its patent cliff and is on track to sustain growth and, mo... Read the Full Story |
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Materials | |
Rio Tinto (NYSE: RIO) just delivered a first-half report with numbers that back up a broader thesis rooted in a major shift. Physical assets are entering a multi-year period of outperformance. Higher bond yields, oil supply anxieties, and an artificial intelligence (AI) infrastructure buildout are ... Read the Full Story |
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From Our Partners | | On May 3rd, 2025, Warren Buffett looked at his shareholders for the last time and said: "The dollar is going to hell."
Ray Dalio agrees. The founder of Bridgewater Associates ($150 billion AUM) calls it a "debt death spiral."
But there's a specific asset class and investment system that actually thrives when the dollar collapses. | | Watch how to protect yourself from what Dalio and Buffett see coming (free training). |
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Technology | |
Strategy Inc (NASDAQ: MSTR) recently reported a heavy $8.22 billion second-quarter net loss, translating to a stark negative earnings per share of $24.45.
For a conventional enterprise software vendor, a deficit of that scale would signal catastrophic operational failure. But applying traditional ... Read the Full Story |
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Markets | |
While fear and panic have gripped the AI trade and broader technology sector, one corner of the market has recently made new 52-week highs. The Financial Select Sector SPDR Fund (NYSEARCA: XLF) recently touched a fresh all-time high of $57.60 before easing back into the mid-$50s.
Over the past mont... Read the Full Story |
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From Our Partners | | A little-known Arizona gold explorer just hit 66.2 metres grading 6.57 g/t gold, including 20.7 metres at 18.25 g/t.
After roughly 21,000 metres of drilling, the company is closing in on its first-ever mineral resource estimate, expected in Q3 or Q4 2026.
That estimate could offer the market its first real look at the scale of this emerging gold system. | | See what could be next for this US gold explorer |
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Communication Services | |
It's not often that a company posting record revenue finds its stock sinking to a 52-week low, but that's exactly the position Netflix Inc. (NASDAQ: NFLX) found itself in after its latest earnings report.
Earlier this month, the streaming giant delivered a quarter that, on its face, looked solid, ... Read the Full Story |
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Finance | |
Recent results from Popular (NASDAQ: BPOP), Puerto Rico's largest bank, are showing why analysts rate the bank a solid Buy.
The midsized bank is steadily growing earnings, returning capital to shareholders, and hitting ratios that would make many other banks jealous. Shareholders are also likely to... Read the Full Story |
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Industrials | |
Swiss engineering and automation company ABB Ltd. (OTCMKTS: ABBNY) may not figure prominently in many U.S. investors' plans, but its recent $5.5-billion acquisition of Rotork—the largest in the company's history—could change things. ABB paid a hefty premium for the smaller firm, known for its niche... Read the Full Story |
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Healthcare | |
Hospitals are finally buying heavy iron again. After years of delayed capital expenditures due to pandemic hangovers and supply chain shocks, healthcare infrastructure is quietly undergoing a structural upgrade cycle. GE HealthCare Technologies (NASDAQ: GEHC) just delivered the clearest evidence ye... Read the Full Story |
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Communication Services | |
The commercial space sector is undergoing a profound and necessary transition. For years, the narrative of interplanetary expansion and global satellite constellations fueled a growth-at-all-costs euphoria on Wall Street. Investors poured capital into aerospace sector ventures based on distant proj... Read the Full Story |
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Monday's Early Bird Stock Of The Day Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products. It also provides SPEED gapfill high-density plasma chemical vapor deposition products; and Striker single-wafer atomic layer deposition products for dielectric film solutions. In addition, the company offers Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes. Further, it provides Coronus bevel clean products to enhance die yield; Da Vinci, DV-Prime, EOS, and SP series products to address various wafer cleaning applications; and Metryx mass metrology systems for high precision in-line mass measurement in semiconductor wafer manufacturing. The company sells its products and services to semiconductors industry in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally. The company was incorporated in 1980 and is headquartered in Fremont, California. | Should I Buy Lam Research Stock? LRCX Bull and Bear Case Explained
These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Lam Research was last updated on Sunday, September 13, 2026 at 6:10 PM.
Lam Research Bull Case -
Lam Research Co. recently raised its outlook for calendar 2026 wafer-fabrication equipment spending to the low-$150 billion range, up from an earlier estimate of $135 billion to $140 billion, driven by sustained artificial intelligence demand and a growing pipeline of new fabs that are currently constrained by available clean-room capacity.
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The company reported a 52% gross margin, which is its highest level in 20 years, and management sees a path to mid-50% gross margins through new products, its close-to-customer manufacturing strategy, the Malaysia expansion, supply-chain benefits, and pricing power.
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Lam Research Co. has expanded its serviceable available market to above the mid-30% range of wafer-fabrication equipment spending, likely north of 36%, reflecting increased demand for gate-all-around transistor architectures that require more etch and deposition processes, as well as strong growth in its advanced packaging business which grew more than 70% this year.
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The company's customer support business group generated nearly $2.5 billion in revenue in the most recently reported quarter, marking its third consecutive record, driven by high industry utilization, strong spare-parts consumption, NAND upgrades, and service offerings using cobots and equipment intelligence.
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With the current stock price at $298.22, Lam Research Co. offers a valuation that reflects its strong earnings momentum, having beaten consensus estimates for both EPS and revenue in its most recent quarter, with actual EPS of $1.82 compared to a consensus of $1.69 and revenue of $6.72 billion compared to a consensus of $6.66 billion.
Lam Research Bear Case -
Recent insider selling has been significant, with Director Bethany Mayer selling 9,557 shares at an average price of $314.74 on September 9, 2026, representing a 31.28% decrease in her ownership, and other insiders including CFO Douglas R. Bettinger and Director Eric Brandt also selling substantial blocks of stock in recent months.
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The stock has experienced a significant decline from its 52-week high of $438.50 to the current price of $298.22, indicating a drop of over 32% from its peak, which may reflect market concerns about valuation or future growth sustainability despite recent strong earnings.
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Lam Research Co. faces supply-chain constraints as its tools contain thousands of parts, and while management characterizes these issues as manageable, the company is having unusually intensive planning discussions with customers and suppliers to ensure capacity is available, which could limit its ability to meet surging demand.
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China investment remains active but is likely to decline as a percentage of industry revenue over several years because leading-edge DRAM, NAND, and foundry investment tied to AI computing is growing faster elsewhere, which could impact the company's revenue mix and growth prospects in a key market.
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The company's high beta of 1.85 indicates that its stock is significantly more volatile than the overall market, meaning investors may experience larger price swings in both directions, which could be concerning for risk-averse investors or those with shorter investment horizons.
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