Why Is Lam Research (LRCX) Stock Price Down 7.54% Today, July 28? Chip Selloff Deepens Ahead of Earnings

Lam Research fell 7.54% amid a broad semiconductor de-risking move, with peers also selling off, suggesting sector positioning rather than Lam-specific fundamental deterioration. The decline pushed LRCX below key moving averages and into weak momentum territory, heightening sensitivity to the after-close earnings event. Near-term trading is likely to be driven by semiconductor breadth and any changes in management's memory and advanced-node capex commentary.