Lam Research (LRCX) Stock Today: Why Shares Are Near Record Highs, Fresh Analyst Targets, and What Investors Should Watch Next
Lam Research traded near $178.70 Friday afternoon in New York, holding close to record highs amid thin post-holiday volume. Investors continue to price in strong AI-driven demand for semiconductor equipment, with memory spending seen as a key driver. Peers KLA and Applied Materials also edged higher, while Micron slipped. Lam’s latest quarter showed $5.32 billion revenue and a 50.6% non-GAAP gross margin.