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2 clusters · 4 sources · 9 days · First seen · Last updated

Lam Research market performance and sector trends

Overview

Lam Research experienced initial stock gains driven by a price target increase from B. Riley Financial and significant capital expenditure plans from Micron Technology. Micron’s planned $27.37 billion investment in manufacturing capacity provided a positive signal for the wafer-fabrication equipment supplier.

However, the company’s shares later saw a 2.7% decline due to broader volatility in the semiconductor equipment sector and investor uncertainty regarding the pace of manufacturing capacity investment. This uncertainty followed a lack of short-term spending forecasts from Applied Materials. Despite this volatility, DBS Bank raised its price target for Lam Research to $416, suggesting the company is positioned for a potential semiconductor supercycle in fiscal year 2027.

Entities

Lam Research · Applied Materials · B. Riley Financial · Micron Technology · DBS Bank

Timeline

  1. [BUSINESS] 2 sources
    Lam Research shares fall amid semiconductor sector uncertainty

    Lam Research shares fell 2.7% due to sector-wide uncertainty and profit-taking, though DBS Bank raised its price target to $416, citing potential long-term growth in the semiconductor cycle.

  2. [BUSINESS] 3 sources
    Lam Research sees stock gains amid higher price target and Micron investment plans

    Lam Research shares rose following a price target increase to $390 by B. Riley Financial and Micron Technology's announcement of $27.37 billion in planned capital expenditures for fiscal 2026.

Sources

ad-hoc-news.de · finanznachrichten.de · stocknews.com · tradingview.com