BUZZ-Applied Materials and Lam Research rises after brokerage upgrades stocks
ReutersJan 17, 2025 12:56 PM
Shares of semiconductor capital equipment makers Applied Materials AMAT.O rise 2.2% to $190.54 premarket and Lam Research LRCX.O up 2.5% at $81.18
KeyBanc Capital Markets upgrades stocks to "over weight" from "sector weight"
AMAT's improved chip efficiency and advanced packaging technologies position it well for AI-driven growth cycle - brokerage
KeyBanc says AMAT's IoT, Communications, Automotive, Power and Sensors (ICAPS) business will benefit from cyclical recovery of automotive and industrial segments
LRCX will benefit from NAND memory (a type of storage technology) market investing in tool upgrades in 2025, says KeyBanc
AMAT stock up 0.4% and LRCX down ~8% in 2024
(Reporting by Priyanka.G in Bengaluru)
((priyanka.g@thomsonreuters.com;))
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