Lam Research (LRCX) received an Outperform rating as financial services firm Oppenheimer initiated coverage of the semiconductor equipment company.

Lam Research remains a high-quality semiconductor equipment stock with strong exposure to the AI, cloud, and robotics revolution. The company benefits from long-term tailwinds in chip demand ...

While the broader Zacks Electronics – Semiconductors industry has declined 6% this year, Lam Research’s strong market positioning and execution have fueled renewed investor confidence.