Lam Research Corporation is trading 8.8% up at $7.46, extending a sharp multi-day rally. - The surge is driven by sustained enthusiasm for AI-related wafer-fab equipment demand. - Multiple analysts, including Citi and Rothschild & Co Redburn, have recently raised price targets for Lam Research, citing booming demand and stronger forecasts for the semiconductor capital spending cycle. - The company's management recently reinforced an upbeat outlook for wafer fabrication equipment growth in 2026, further boosting investor confidence.