The road ahead is going to get rocky. Samsung just reported a 95% loss from last year. It is the largest loss for the company in 14 years. That company is also Lam's biggest customer. Things are not looking good for Lam's short term future. Expect more shut down days and layoffs. It will also trickle down to the suppliers if it has not already done so.
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I have heard experts predict over 1M jobs will be lost by end of this year due to Fed actions.
it is strange but unemployment is very low despite all the layoffs
The tech world has yet to hit bottom.
I think Lam business will be fine unless there is a more severe recession which remains to be seen but there is a possibility if inflation is not tamed.
LOL