Palo Alto Networks (PANW -0.20%) is one of the top names in the cybersecurity industry, and its stock has turned out to be a fruitful investment over the past two years. Share prices are up 157% during this period, beating the 78% gains registered by the Nasdaq-100 Technology Sector index.
Lam Research (LRCX) closed at $81.50 in the latest trading session, marking a +1.49% move from the prior day.
Persistent WFE market weakness, rising costs and geopolitical risks create a challenging near-term outlook for Lam Research.
Chip suppliers ASML Holding NV (NASDAQ:ASML), Broadcom Inc (NASDAQ:AVGO), and Lam Research Corp (NASDAQ:LRCX) are higher today, after Taiwan Semiconductor (TSM) reported record quarterly profits and said they expect revenue to grow in the first three months of 2025 growth thanks to strong artificial intelligence (AI) processing chip demand.
In the most recent trading session, Lam Research (LRCX) closed at $75.06, indicating a +0.82% shift from the previous trading day.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
In the closing of the recent trading day, Lam Research (LRCX) stood at $77.04, denoting a -0.62% change from the preceding trading day.
Lam Research is crucial in the semiconductor sector, providing essential components for advanced chip manufacturing, amid surging AI hardware demand and supply chain disruptions. Specializing in etch and deposition technology, Lam Research has built financial strength and a strategic long-term vision, despite geopolitical challenges. I see enormous potential for Lam Research, with significant volatility in share price presenting a long-term Buy opportunity.
This semiconductor stock is recovering from a cyclical downturn.
Spending on artificial intelligence (AI) infrastructure has been solid over the past couple of years, and that trend is expected to continue in 2025 as well, with market research firm IDC forecasting that the total outlay on AI could hit an impressive $227 billion in the new year.
Lam Research shows a strong bottoming pattern with excellent risk/reward, supported by neutral RSI and PPO levels, and positive Chaikin Money Flow index. The stock is cheap with a forward P/E ratio of ~20X, below its two-year average, suggesting potential for multiple expansion. Despite mixed EPS estimates and risks from China, Lam's valuation and seasonality make it a compelling buy heading into 2025.
Lam Research (LRCX) reachead $73.99 at the closing of the latest trading day, reflecting a +0.22% change compared to its last close.