** Lam Research's LRCX.O stock up 2% after execs provided an update to investors, projecting revenue of $25-28 bln and adjusted earnings of $6-7/share by 2028
** CFO Douglas Bettinger highlighted expected gross margins of ~50% by 2028, a key metric for profitability
** Co unveiled two new chip-making tools aimed at enhancing production of advanced flash storage, RAM, and AI chips
** LRCX's stock has surged ~22% YTD, outperforming the Nasdaq's .IXIC 4% rise
** Stock recently traded 22% below its 52-week high of $113 reached on Jul 11, 2024
** LRCX's PE valuation at 23x expected earnings, above its 5-year avg forward PE of 19, per LSEG data
(Reporting by Noel Randewich)
((noel.randewich@tr.com;))
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