Lam Research Stock Jumps After Earnings. AI Investors Just Got Another Reassurance. - Barron's

1. LRCX reported earnings of 91 cents per share, beating expectations. 2. Revenue forecast for next quarter is $4.65 billion, exceeding analyst predictions. 3. Demand for AI chips indicates strong equipment need for LRCX. 4. Jefferies raised LRCX price target to $95, signaling positive outlook. 5. Overall investor sentiment remains optimistic despite past sales challenges.