Lam Research Shares Surge on Artificial Intelligence Demand

Lam Research Corporation is experiencing a remarkable upward trajectory as market analysts express growing enthusiasm. The semiconductor equipment manufacturer has seen its stock value more than double since the beginning of the year, with financial institutions continuously revising their price targets upward. This sustained momentum raises questions about how much further the artificial intelligence-driven chip expansion can carry the company.

The foundation of this optimism lies in impressive financial results. Lam Research recently reported quarterly earnings that surpassed expectations, achieving $1.26 per share compared to the projected $1.22. More notably, the company demonstrated substantial revenue growth with a 27.7% year-over-year increase. This robust financial showing has propelled the stock’s performance, generating gains exceeding Read more...