Lam Research Stock (LRCX) Near Record Highs After Analyst Target Hikes as AI Chip Equipment Forecasts Brighten Ahead of Monday’s Open
Lam Research shares closed near record highs at $178.07 late Friday in New York, after hitting $179.77 intraday. The company’s market cap stands at about $162.4 billion, trading at 28 times earnings. Trading was subdued post-Christmas, with major U.S. indexes finishing slightly lower on light volume. SEMI forecasts chip equipment spending to rise into 2026 and 2027, fueled by AI-related demand.