Lam Research

LRCX

Market cap $392B

Seven of the worst performers for the month were still up by triple digits for 2026.

Shares of Advanced Micro Devices (NASDAQ:AMD | AMD Price Prediction) were down 5% Friday morning to $477.81, leading a selloff across semiconductor stocks.

Lam Research (LRCX) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Shares of ON Semiconductor Corp (NASDAQ:ON) are trading 1% lower at $92.75 this afternoon, extending its stay below the $100 threshold.

ASE Technology gains an edge over Lam Research as strong AI packaging demand and a more attractive valuation support its investment outlook.

Morgan Stanley has identified three stocks that could outperform as the second-quarter earnings season gets underway. The Wall Street bank highlighted GE Vernova (NYSE: GEV), Lam Research (NASDAQ: LRCX), and United Airlines (NASDAQ: UAL) among its top picks, citing expectations that they will deliver strong quarterly earnings.

AMD stock price exploded higher in the quarter as the evolution of the LLM market has led us to agentic AI workloads. CrowdStrike's strong performance in the quarter was due to a narrative shift in the AI trade. Intuitive Surgical stock's second quarter underperformance was due to multiple contraction, which dinged the stock for 21%, slightly offset by strong forward earnings growth.

In the latest trading session, Lam Research (LRCX) closed at $329.92, marking a -5.83% move from the previous day.

Wedbush Securities tech strategist Dan Ives argued on CNBC on Monday that memory chips have become the most valuable slice of the AI supply chain, and that SK Hynix's blockbuster U.S.

Lam Research's AI-driven demand in HBM, advanced DRAM and leading-edge chips are likely to help it reach a record sales target of $6.6B in Q4'26.