On July 1, Lam Research fell 4.62% in regular trading, trading at approximately $401.305/share, with turnover of $577 million. The stock had just reached a record high in the previous session.

On the news front, the semiconductor equipment sector experienced a sharp sector-wide pullback, with Applied Materials down 7.43%, KLA-Tencor down 8.19%, Teradyne down 8.58%, MKS Instruments down 8.27%, and ASML down 4.91%. At the macro level, U.S. June ADP employment data came in below expectations, while the market braced for Fed Chair Wosh's upcoming remarks at the European Central Bank forum. The combination of disappointing labor market data and monetary policy uncertainty weighed on risk appetite, triggering broad selling pressure across technology and semiconductor-related sectors.

Notably, Lam Research had surged over 5% in the prior session to a record high above $433, supported by a NT$50.1 billion equipment order from ASE Technology subsidiary Siliconware Precision Industries, along with multiple investment bank target price upgrades from Susquehanna, Bank of America, Wells Fargo, and Citi.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)