On October 6, Lam Research fell 3.37% in regular trading, with shares trading at $334.16 and turnover reaching $575 million.

The decline came even as Morgan Stanley raised its price target to $385, B. Riley lifted its own to $390, and Berenberg set a target of $420, all maintaining buy or overweight ratings. Analysts pointed to Lam Research's logic share gains tied to TSMC's 2nm gate-all-around ramp, but the broader semiconductor equipment complex remained under pressure, with ASML down 1.08%, Applied Materials down 2.33%, KLA Corporation down 4.13%, AXT Inc down 2.95%, and Teradyne down 2.63%.

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits, serving customers in the United States, China, Europe, Japan, Korea, Southeast Asia, Taiwan, and internationally.

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