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Milestone Asset Management LLC Invests $2.75 Million in Lam Research Corporation $LRCX
Milestone Asset Management LLC has acquired a new stake of 16,046 shares in Lam Research Corporation, valued at approximately $2.75 million. This investment comes amidst several other institutional investors modifying their holdings in the semiconductor company. Lam Research recently reported strong Q3 earnings, beating analyst expectations, and provided an upbeat Q4 guidance, driven by AI demand, although some commentators warn of rally risk and valuation concerns.