BUZZ-Lam Research jumps on upbeat revenue forecast, lifts peers

Shares of chip-making equipment firm Lam Research LRCX.O rise 7.12% to $80.55 after upbeat Q3 revenue forecast on Wednesday

Co sees Q3 rev at $4.65 bln, plus or minus $300 mln vs analysts' estimate of $4.34 bln - data compiled byt LSEG

At least five brokerages raise PT after forecast

The Philadelphia Semiconductor Index .SOX up 1.6%

Shares of peers Applied Materials AMAT.O up 2.4%, while KLA Corp KLAC.O rises 1.7%

Other U.S. chipmakers rise, recovering from Monday's selloff, sparked by Chinese startup DeepSeek's launch of a free AI assistant

Networking chipmakers Broadcom AVGO.O and Marvel Technology MRVL.O rise 5.7% and 3.4% respectively

Advanced Micro Devices AMD.O, that make chips for personal computers, servers and AI chips climb 1.8%

U.S.-listed shares of contract chipmaker Taiwan Semiconductor Manufacturing TSM.N and memory chipmaker Micron Technology MU.O also rise 3.1% and 2.9% respectively

The iShares Semiconductor ETF SOXX.O up 1.2% while the VanEck Semiconductor ETF SMH.O up 1.6%