Lam Research Corporation

• LRCX Stock Price 24h change: +2.69%. From 222.41 USD to 228.34 USD (Market close Jan 21, 2026). The stock reached an all-time high driven by robust AI-related demand and positive analyst sentiment ahead of its upcoming earnings report.
• From a technical perspective, the stock is in a "strong bullish uptrend": it is trading above its 50-day ($219.95) and 200-day ($189.09) moving averages. While the 14-day RSI of 47.02 indicates a neutral momentum, the MACD remains in a buy zone, though investors should watch for potential overvaluation risks as the price sits near record highs.
• Lam Research (LRCX) hit a new all-time high of $228.34 on January 21, 2026, supported by raised price targets from firms like UBS ($255) and Deutsche Bank ($260).
• Analysts at Zacks report a positive Earnings ESP of +1.56% for Lam Research, suggesting a high probability of an earnings beat in the scheduled January 28 report.
• Institutional confidence remains high despite recent insider sales, as the company capitalizes on the "largest infrastructure buildout in human history" cited by industry leaders at Davos.
• TSMC reported record Q4 2025 results with a 62% gross margin and announced a massive $52-$56 billion CAPEX plan for 2026, signaling sustained long-term demand for chip-making equipment.
• New U.S. Section 232 tariffs of 25% on certain advanced semiconductors and manufacturing equipment took effect on January 15, 2026, creating a mix of supply chain uncertainty and potential domestic manufacturing incentives.

• LRCX Stock Price 24h change: -0.25%. From 222.96 USD to 222.41 USD. The stock experienced a slight consolidation following record highs, as investors balanced optimistic AI spending forecasts against rising bond yields and potential tariff risks impacting chip supply chains.
• From a technical perspective, LRCX is in a "Strong Buy" posture: moving averages (MA5 to MA200) consistently point upward, and the 14-day RSI stands at 61.77, indicating solid bullish momentum without being overbought. However, analysts note a "valuation gap," as the current P/E of 48.1x suggests the stock is slightly overextended relative to historical cash flow values.
• Deutsche Bank and UBS raised their price targets for LRCX to $260 and $255 respectively on January 20-21, citing massive AI-driven demand and increased wafer fab equipment (WFE) spending.
• Lam Research confirmed its December quarter financial conference call for January 28, 2026, with investors anticipating updates on HBM (High Bandwidth Memory) capacity expansions.
• Reports on January 21 highlighted Lam's "razor-and-blades" model, where recurring service revenue from an expanding installed base of tools is expected to mitigate industry cyclicality in 2026.
• TSMC announced plans to nearly double its advanced packaging (WMCM) capacity to 120,000 wafers by 2027 to meet 2nm chip demand for future Apple devices, signaling a multi-year tailwind for equipment suppliers.
• SEMI reported that global semiconductor equipment sales are projected to reach a record $145 billion in 2026, driven primarily by leading-edge logic and the rapid adoption of 3D NAND stacking technologies.