Argus Research raised its price target for Lam Research Corporation (LRCX) to $280 from $175 and maintained a Buy rating, citing strong Q2 results and the company’s positioning for long-term growth due to secular trends like generative AI and cloud data centers. Additionally, LRCX and CEA-Leti announced a new multi-year agreement to advance next-generation Specialty Technology devices, focusing on innovative materials and fabrication techniques for AI and high-performance computing. Lam Research Corporation is a key player in semiconductor equipment, manufacturing integrated circuits and AI-era chips globally.
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Analysts Cite Secular Trends For Lam Research Corporation (LRCX)'s Development
Argus Research raised its price target for Lam Research Corporation (LRCX) to $280 from $175 and maintained a Buy rating, citing strong Q2 results and the company’s positioning for long-term growth due to secular trends like generative AI and cloud data centers. Additionally, LRCX and CEA-Leti announced a new multi-year agreement to advance next-generation Specialty Technology devices, focusing on innovative materials and fabrication techniques for AI and high-performance computing. Lam Research Corporation is a key player in semiconductor equipment, manufacturing integrated circuits and AI-era chips globally.