35 Trending AI Stocks on Latest Analyst Ratings and News

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16. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 84 

Lam Research Corporation (NASDAQ:LRCX) markets semiconductor processing equipment. Citi recently lowered the price target on the stock to $893 ($89.3, split-adjusted) from $990 ($99, split-adjusted) and kept a Buy rating on the shares. The advisory updated its semiconductor equipment sector view and believes the equipment group is heading into a mid-cycle correction in the first half of 2025. While server artificial intelligence demand remains strong, consumer demand across PCs, smartphones, and auto appears lackluster, the advisory told investors in a research note. Citi cut estimates and, accordingly, lowered price target by 10%.

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