Lam Research Stock, Chip Gear Peers Hit Record Highs

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12:18 PM ET 06/30/2026

Semiconductor equipment stocks continued their dizzying climb on Tuesday. Lam Research (LRCX) stock and several peers hit record highs as chipmakers invest in new gear amid the AI megatrend. Susquehanna analyst Mehdi Hosseini raised his price targets on buy-rated Applied Materials (AMAT) and Lam Research, among others, citing positive channel checks. Hosseini upped his price target on Applied Materials to…