Why Is Lam Research (LRCX) Stock Price Down 5.65% Today, Sep 10? Chip-Sector Profit-Taking and Rising Yields Pressure Shares

Lam Research fell 5.65% amid broad profit-taking in semiconductor equipment and AI-linked equities, amplified by rising US Treasury yields and higher oil prices that tightened financial conditions for long-duration growth assets. The move appears sector-driven rather than company-specific, but the break below key moving averages can dampen near-term risk appetite across the chip complex and keep attention on macro inputs (yields, energy) and wafer-fab capex signals.