On June 25, Lam Research rose 6.26% in regular trading, trading at $392.66/share, with turnover of $304 million, extending a strong rebound following a sharp pullback in the prior session.

On the news front, BofA Securities raised its price target on Lam Research significantly from $330 to $480. This followed Wells Fargo's upward revision from $320 to $450 with an Overweight rating maintained, and Citi's concurrent raise to $450. Citi also updated its bull-case forecast for global wafer fabrication equipment spending to $250 billion, citing DRAM supply tightness driving structural NAND demand growth and a potentially extended industry upcycle.

Within the Semiconductor Equipment sector, the broader group rallied in tandem. Among individual stocks, Applied Materials rose 7.46%, ASML Holding rose 4.86%, KLA-Tencor rose 6.04%, MKS Instruments rose 5.60%, and Teradyne rose 8.25%, reflecting significant sector-wide momentum.

(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.)