On July 21, Lam Research rose 3.24% overnight, trading at $316.35/share, with turnover of $1.7138 million.

On the news front, TSMC significantly raised its capital expenditure guidance at its recent investor conference, explicitly stating that AI demand visibility extends to 2030, with capex over the next three years set to substantially exceed the prior three-year period. The company is simultaneously constructing 13 advanced-node wafer fabs and advanced packaging facilities. Wall Street broadly views this as a direct positive for semiconductor equipment suppliers.

Meanwhile, multiple investment banks have raised their price targets on Lam Research in recent weeks: UBS to $435, Stifel to $425, Morgan Stanley to $404, Mizuho to $400, and Evercore ISI to $355. The consensus rating stands at Overweight with a mean target of approximately $380.93. The broader equipment sector rallied in tandem, with Applied Materials up 2.92%, KLA-Tencor up 2.68%, and Teradyne up 2.77%.

Lam Research is scheduled to report June-quarter earnings on July 29, with consensus EPS expected at $1.69.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)