On August 27, Lam Research rose 3.06% in pre-market trading, trading at $321.95 per share, with turnover of $1.4267 million.

On the news front, the company announced that construction of its new Oregon lab has officially commenced. The 12,000-square-foot facility is located in the Silicon Forest region, adjacent to key customers, and is expected to increase cleanroom lab space at the Lam Tualatin R&D center by more than 50% upon completion. The lab is expected to become operational in 2028.

This construction is part of the company's broader plan to invest over $3 billion in its global lab network over the next five years, aimed at accelerating the development of advanced AI chip manufacturing technologies. The multi-site expansion project is designed to add infrastructure and capabilities to significantly boost experiment capacity. Analyst consensus maintains a buy rating on the stock with a mean price target of $381.74, suggesting meaningful upside from current levels.

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