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Lam Research jumps 59% in three months as AI chip demand surges, while strong earnings and innovation keep it in buy territory.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
In the most recent trading session, Lam Research (LRCX) closed at $99.62, indicating a -2.07% shift from the previous trading day.
Lam Research posts strong systems growth fueled by wins for Halo, Striker, and Akara in NAND and DRAM markets.
LRCX's $1.2 billion India investment expands its global footprint, offering a hedge against trade risks and supply disruptions.
Finding strong, market-beating stocks with a positive earnings outlook becomes easier with the Focus List, a top feature of the Zacks Premium portfolio service.
Lam Research (NASDAQ: LRCX), a prominent supplier of equipment for chip fabrication, is poised to gain from the increasing capital expenditures driven by the burgeoning generative artificial intelligence industry. While AI leader Nvidia (NASDAQ: NVDA) grabs attention with its stock price soaring more than 3 times over the last two years and its valuation approaching $4 trillion, less known companies like Lam play an essential role in the manufacturing of the AI chips that Nvidia markets.
Lam Research (LRCX) concluded the recent trading session at $98.83, signifying a +2.09% move from its prior day's close.
Lam Research (LRCX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Investors looking for ways to find stocks that are set to beat quarterly earnings estimates should check out the Zacks Earnings ESP.
Lam Research's AI-powered Dextro cobot targets fab inefficiencies, aiming to drive CSBG growth and expand margins through automation.