Lam Research (LRCX) Stock Today: AI Tailwinds, Analyst Upgrades and Valuation Warnings – Full December 4, 2025 Update
Lam Research Corporation (NASDAQ: LRCX) remains one of the most closely watched names in the semiconductor equipment space, as investors weigh a record AI‑driven upcycle against increasingly stretched valuations and fresh caution from some fundamental models. After closing at $159.75 on Wednesday, December 3, 2025, shares were trading back in the mid‑$150s on Thursday, still only a few points below their recent 52‑week high in the mid‑$160s.Lam Research Investor Relations+1 At the same time, new research notes, institutional filings and valuation reports published on December 4 paint a nuanced picture: Wall Street’s ratings remain broadly bullish, but several models now