Lam Research Corporation is trading about 5% up today at $7.20 as optimism surrounding AI-related wafer-fab equipment demand and recent analyst price target increases continue to drive buying interest.
- The move extends a strong multi-day rally that began around June 10, supported by a broader re-rating of semiconductor equipment stocks.
- Analyst sentiment has turned increasingly positive, with price target hikes reflecting expectations for sustained growth in the AI chip manufacturing sector.