JPMorgan Just Crowned Lam Research With a $315 Target. Is the Chip Equipment Supercycle Just Getting Started?

Quick Read

• Lam Research (LRCX) reported March-quarter revenue of $5.84B (up 24% year-over-year) and non-GAAP EPS of $1.47, beating consensus, with JPMorgan raising its price target to $315 and Goldman Sachs raising its target to $290.

• The semiconductor industry’s AI-driven capex surge is extending Lam Research’s equipment cycle into 2027 and 2028, transforming a cyclical bounce into a durable multi-year spending framework.

• It sounds nuts, but SoFi is giving new active invest users up to $1,000 in stock for a limited time, and all it takes is a $50 deposit to get started. See for yourself (Sponsor)
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