On June 17, Lam Research rose 3.06% overnight, trading at $381.15/share, with turnover of $8.1153 million. The stock rebounded after a brief pullback on June 16 from its 52-week high of $393.07 reached on June 15.

On the news front, Powerchip Semiconductor Manufacturing disclosed the acquisition of machinery and related facilities worth NT$1.04 billion from Lam Research International, purchased between May 22 and June 16 for manufacturing purposes. This follows a separate NT$773.77 million equipment order from Powerchip previously announced. Multiple investment banks recently raised target prices, with Oppenheimer lifting to $400, UBS to $375, Wells Fargo to $365, and Barclays to $335, reflecting strong consensus on equipment demand driven by AI and advanced memory expansion.

Within the Semiconductor Equipment sector, broad-based strength was evident, with ASML Holding up 4.81%, Amkor Technology up 6.53%, Applied Materials up 3.33%, KLA-Tencor up 3.23%, and Teradyne up 2.28%.

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