Lam Research is trading at $368.13 (+8.55%) as semiconductor sentiment improves and concerns over AI spending stabilize.
- The stock is gaining momentum as the broader chip-sector selloff eases and the Nasdaq moves higher in a firmer tech market.
- Recent analyst support, including several raised price targets, has added to the positive sentiment surrounding the company.
- Market fears regarding AI wafer-fab equipment spending have cooled, following a pre-market recovery where the stock initially rose 3.6%.