Lam Research surges 8.45% after hours on upgraded price target and AI-focused CEA Leti deal.

Lam Research surged 8.45% in after-hours trading, driven by a revised price target from Rothschild & Co Redburn, which raised its target to $265 from $225 while maintaining a "Buy" rating, and news of the company targeting AI growth through a partnership with CEA Leti. The upgraded analyst outlook and strategic expansion into AI-driven semiconductor technologies signaled strong investor confidence. Additionally, Jim Cramer’s endorsement of the stock as "the future" further reinforced positive sentiment. These developments aligned with the stock’s outperformance against competitors and reinforced its position in advanced manufacturing solutions. The move followed a strategic leadership shift and new partnerships, positioning Lam Research to capitalize on growing demand in AI and high-bandwidth memory markets.