On July 21, Lam Research rose 5.88% in regular trading, trading at $319.37/share, with turnover of $213 million.

On the news front, TSMC significantly raised its capital expenditure guidance at its earnings call, stating that AI demand visibility has extended to 2030 and that capex over the next three years will be markedly higher than the prior three years, with 13 advanced-node fabs and packaging facilities under construction. Wall Street views this as a direct positive for semiconductor equipment suppliers.

On the institutional side, UBS raised its price target on Lam Research to $435, Stifel to $425, Morgan Stanley to $404, Mizuho to $400, and Evercore ISI to $355, with consensus rating at Overweight and a mean target of $380.93. Jefferies also raised its global wafer fab equipment market size forecast to $152 billion, $200 billion, and $253 billion for the next three years respectively, citing AI and HBM-driven demand. The broader equipment sector rallied in tandem, with Applied Materials up 6.22%, Teradyne up 8.39%, and KLA up 4.10%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)