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Lam Research Corporation (LRCX) Surpasses Q1 Expectations with 20% Revenue Growth, Raises Q2 Guidance Despite Market Volatility

By Yahoo! Finance   |   Nov 5, 2024 at 05:21 PM EST
Lam Research Corporation (LRCX) Surpasses Q1 Expectations with 20% Revenue Growth, Raises Q2 Guidance Despite Market Volatility

A recent article highlights the growing importance of data center investments in Europe for artificial intelligence (AI) development. McKinsey predicts a tripling of data center power consumption by 2030, necessitating significant upgrades to infrastructure.

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