Susquehanna raised the firm’s price target on Lam Research (LRCX) to $200 from $135 and keeps a Positive rating on the shares. The firm noted the beat and raise cycle remains intact driven by stronger WFE and some share gains. The long-term growth narrative is further supported by AI infrastructure builds, builds, with the company estimating every $100B (or 5 GW) of incremental AI DC investment translating to $8B in WFE.
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