Lam Research, headquartered in Fremont, California, designs and manufactures semiconductor processing equipment for integrated circuits, employing 17,200 people and serving various electronic product manufacturers. Its diverse product portfolio supports sectors like memory, foundries, and integrated device manufacturers.
LRCX has been in the news recently: Morgan Stanley downgraded Lam Research to an underweight rating and lowered its price target to $92, anticipating an 8% decline due to challenging growth forecasts for 2026. Additionally, a bearish outlook from wealthy investors indicates a negative shift in sentiment towards Lam Research.
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