NASDAQ:LRCX 22 October 2025 - 10 December 2025

Lam Research, a leading maker of semiconductor fabrication equipment, has been one of 2025’s standout stocks. The company’s share price has more than doubled this year, up about 117% as of early Novembernasdaq.com. This surge has far outpaced even the high-flying AI chip designers: for comparison, Nvidia’s stock was up ~42% and Broadcom’s ~56% over the same periodsharewise.com. Lam’s stock recently notched a fresh record high around $157–$158 per sharenasdaq.comstockstory.org, boosting the company’s market capitalization to roughly $195 billionstockstory.org. The run-up reflects surging optimism that Lam will be a prime beneficiary of the global “AI frenzy” driving unprecedented demand for advanced chips. Unlike Nvidia or Broadcom, which design the AI chips themselves, Lam Research operates behind the scenes – but critically – as a supplier of the manufacturing tools needed to build those chips. Whenever a chipmaker like TSMC or Samsung expands a fab or upgrades a production line to make more powerful processors or memory, they rely on specialized equipment from Lam for processes like etching and deposition in silicon wafersgurufocus.com. With AI model training and data centers mushrooming worldwide, chip foundries have been racing to add capacity, and this has “helped drive Lam Research’s share price higher,” as