Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead

Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead

The post Lam Research Has Surged 300% in a Year. Wall Street Sees More Gains Still Ahead appeared first on 24/7 Wall St.. Quick Read The Stocks: Lam Research (LRCX) shares have surged nearly 300% over the past year and gained another 8% on strong earnings as demand accelerates from global foundry expansion and AI-driven chip production. The Story: Foundry expansions, including new efforts to alleviate global chip production bottlenecks, are d…

Lam Research Stock Hits Fresh High as AI Chip Demand Meets China Risk

Lam Research shares surged over 7% Tuesday, hitting $277.71 after Seaport Global initiated coverage with a Buy rating and $300 target. The rally followed strong March-quarter results and guidance, with revenue up to $5.84 billion and China accounting for 34% of sales. U.S. export curbs on China remain a risk. Peers Applied Materials and KLA also gained. The post Lam Research Stock Hits Fresh High as AI Chip Demand Meets China Risk appeared first…