Top 11 AI News Updates on Wall Street’s Radar

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3. Lam Research Corp (NASDAQ:LRCX)

Number of Hedge Fund Holders: 84

Lam Research Corporation (NASDAQ:LRCX) is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. It also uses AI to power its customer platform, offering tools that automate tasks, generate content, and provide insights across marketing, sales, and customer service. Oppenheimer initiated coverage of the stock on March 20 with an Outperform rating and a $95 price target.

The bullish rating underlines Lam Research Corporation’s growth opportunities amid growing demand for NAND solutions and artificial intelligence-related demand. The analysts believe the company is well positioned to benefit from increasing demand as NAND enters a large upgrade cycle and DRAM remains a bottleneck for AI computing. Consequently, the analysts expect the company’s earnings per share to double to between $6 and $7 by 2028.

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