Lam Research: Lam Research beats quarterly revenue estimates on surging AI chip demand

Chip-making equipment supplier Lam Research beat Wall Street expectations for third-quarter revenue on Wednesday, fueled by robust demand for advanced AI chips, sending the company's shares up 4.5% in extended trading. The increased appetite for high-performance AI chips and processors - essential for powering AI workloads - is prompting major chip manufacturers like Taiwan Semiconductor [...]