Deutsche Bank Turns Bullish on Lam Research (LRCX) as Semiconductor Demand Surges
Lam Research Corporation (NASDAQ:LRCX) is one of the AI Stocks Investors Are Watching Closely. On September 29, Deutsche Bank upgraded the stock to “Buy” from Hold with a price target increase to 100. The firm stated that the semis company is best positioned amid a booming semiconductor-equipment market. In particular, the firm believes that LRCX’s exposure to memory and leading-edge logic chips positions it for growth. “Despite the impressive move in shares YTD (+77%) and even in the last 3 ...