π Lam Research $LRCX rips premarket as Morgan Stanley upgrades to Overweight, sees $331 target
Morgan Stanley upgraded Lam Research to Overweight Monday, hiking its price target to $331 from $293, and also raised Applied Materialsβ target to $454 β both calls driven by AI agents fueling structural NAND demand and multi-year tailwinds for wafer-fab equipment names. The broader chip equipment sector followed suit, with the SMH semiconductor ETF advancing 2.7% in early trading, and LRCX sitting among the top S&P 500 premarket movers. Not financial advice. Do you think semiconductor equipment names have more AI runway than the chip designers themselves?
β‘ 59 buzzing
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