Lam research stock price daily chart formations show Lam

Daily chart formations show Lam Research stock price forming a bullish pennant pattern since mid-May, often preceding 5–8% technical rallies. Earlier we mentioned that there is an even better way to understand valuation. Let us introduce you to Narratives. A Narrative is simply your story or perspective about a company, combining your assumptions for future earnings, revenue growth, and profit margins with your view of what the company is really worth. Narratives connect the dots between what is happening in a company’s business, your financial forecast, and the fair value you place on its stock. Since stock prices respond to earnings estimate revisions, it can be very profitable to buy stocks with an increased earnings outlook. By buying a Focus List stock like LRCX, then, you're likely getting into a company whose future earnings estimates will be raised, potentially leading to price momentum. Traders highlight Lam Research stock price is benefiting from rising AI-related chip demand, as capital expenditure from foundries remains elevated.