Top Chip-Gear Makers Rally As Lam Research Hits Record High

A host of semiconductor capital equipment vendors saw their stocks surge Thursday as the chip-gear industry continues to show healthy growth.

Lam Research (LRCX) stock notched a record high of 174.37 in intraday trading. It was up 0.8%, near 173, in afternoon trading on the stock market today. Lam stock broke out of a cup base at a buy point of 170.10 on Monday. That followed a failed breakout on July 26 and a fresh consolidation.

In a report Wednesday, KeyBanc Capital Markets analyst Weston...

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