Lam Research Gains as $760M Volume Ranks 119th Amid Analyst Split on Growth Prospects

. 9, , . Analyst activity and sector dynamics are shaping near-term sentiment for the semiconductor equipment maker.

Stifel reiterated a Buy rating for LRCX, highlighting favorable trends in hyperscaler demand and potential growth from NAND flash memory upgrades. The firm noted increased eSSD (enterprise solid-state drive) demand could accelerate adoption of QLC NAND technology, a segment where Lam holds a competitive edge. Export control concerns were deemed unlikely to disrupt memory supply chains in the near term, with Lam and peers like KLA Corporation indicating no significant operational impact from regulatory shifts.

Recent earnings outperformed estimates, driven by record foundry segment performance tied to China’s manufacturing activity and NAND modernization. However, Morgan Stanley downgraded the stock to Underweight, citing growth moderation risks in Chinese and NAND markets. , while Erste Group initiated coverage with a Buy rating, emphasizing Lam’s positioning in specialized wafer equipment. .

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