Workers on the Factory Floor: The Tale Behind Lam Research’s Stock Decline
Two weeks past, distant thunder rolled from the Netherlands. ASML, that colossus of photolithography, had published figures so lean you’d think the bones would show through. Growth had slowed to a crawl, bookings thinner than soup in a famine year, and the old fear returned—was the hunger for artificial intelligence chips, those glimmering promises of the digital future, ebbing at last?