This Tech Stock Just Hit Another All-Time High

Core Viewpoint - Lam Research (LRCX) is a leading global supplier of wafer fabrication equipment and services to the semiconductor industry, currently valued at $151.9 billion [1]. Group 1: Company Overview - Lam Research provides products and services that enable customers to create smaller and higher-performing electronic devices used in mobile phones, personal computers, servers, wearables, automotive vehicles, and data storage devices [2]. - The customer base includes major semiconductor memory, foundry, and integrated device manufacturers producing non-volatile memory, dynamic random-access memory, and logic devices [2]. Group 2: Stock Performance - LRCX has shown strong technical momentum, gaining 58% over the past year and 14.56% since a "buy" signal was issued on September 8 [3][6]. - The stock reached an all-time high of $121.26 during intraday trading on September 17 [5]. - In the last month, LRCX made 13 new highs and increased by 21.77% [7]. Group 3: Technical Indicators - Lam Research maintains a 100% "Buy" rating from Barchart, with a Weighted Alpha of +79.18 [6][7]. - The stock is trading above its 20-, 50-, and 100-day moving averages, indicating strong performance [7]. - The Relative Strength Index (RSI) is at 78.75%, suggesting the stock is in a strong upward trend [7].