Lam Research Stock Soars on AI Demand

Major financial firms, including B. Riley, Mizuho, and Jefferies, have raised their price targets for Lam Research stock due to growing demand for the companys specialized equipment in AI and data center industries. Lams systems revenues surged by 48.3% in Q1 fiscal 2026, driving the stock to an all-time high of $172.42, a 138% increase since the years start. Analysts maintain Buy and Outperform ratings, signaling strong confidence in Lams future prospects.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.