10 AI News and Ratings Too Important to Miss

5. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58

Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor processing equipment, offering a wide range of products for various etch, deposition, and cleaning applications worldwide.

On January 30, Bernstein upgraded Lam Research Corporation (NASDAQ:LRCX) to Outperform from Market Perform and raised its price target to $91 from $85. The analyst noted that although Lam has lagged behind Applied Materials in performance due to its exposure to a weak NAND market, recent trends in the semiconductor equipment sector suggest an improvement. With the potential recovery in Lam’s NAND business, solid exposure to Gate-All-Around and packaging technologies, and a more normalized China business, the company’s risk-reward profile is now more attractive. The analyst raised the price target based on a 20x valuation of its fiscal 2026/2027 average earnings.