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 CloselyOn September 29, Deutsche Bank upgraded the stock to “Buy” from Hold with a price target increase to $150 from $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 months (+31%), we believe LRCX is well positioned to outperform peers over the next twelve months given these cyclical and secular tailwinds.”

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor stock that offers semiconductor equipment and services used in the making of integrated circuits.

While we acknowledge the risk and potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LRCX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.