Lam Research (LRCX) Stock Today: AI-Fueled Rally, Wall Street Price Targets and 2026 Outlook (December 10, 2025)
Lam Research Corporation (NASDAQ: LRCX) has become one of 2025’s standout beneficiaries of the artificial-intelligence hardware boom. The semiconductor equipment maker’s shares trade around $164 today, near their all‑time high, giving the company a market capitalization of roughly $162 billion and a price/earnings ratio of about 28x. Over the last 12 months, Lam Research stock has delivered a total return of roughly 120–130%, dramatically outperforming the S&P 500 as chipmakers raced to add capacity for AI accelerators and advanced memory. Finimize+1 Below is a detailed look at the latest news, forecasts and analysis as of December 10, 2025, for readers