We're reaffirming our buy-rating on Lam Research Corporation ahead of Q4 FY2024 results. We expect material outperformance in FY25 due to recovery of wafer fabrication equipment spend, specifically memory WFE spend. Memory WFE spending should see tailwinds in 2H24 and 2025 driven by HBM DRAM adoption and NAND demand recovery.
Lam Research is part of the semiconductor capital equipment industry, which was in a cyclical downturn in 2023. Industry experts anticipate semiconductor capital equipment spending to recover in the latter half of 2024, potentially boosting the company's stock performance in 2025. It benefits from AI adoption and the need for higher performance and more power-efficient chips.
Semiconductors power many devices and appliances that we use every day. They form the bedrock for smartphones, computers, cars, refrigerators, and other essentials.
Does Lam Research (LRCX) have what it takes to be a top stock pick for momentum investors? Let's find out.
The AI trade has gotten quite crowded in recent months, and though some of the names felt a notable increase in turbulence at the end of last week, I think it's too soon in the game to be ringing the alarm bell. Though various AI stocks have gone parabolic of late, there's still more of a sense of cautious optimism rather than outright euphoria surrounding AI-exposed tech stocks.
Recently, Zacks.com users have been paying close attention to Lam Research (LRCX). This makes it worthwhile to examine what the stock has in store.
The AI boom is here, and industry supplier Lam Research Corporation (LRCX) is gaining as the technology grows.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Lam Research (LRCX) closed the most recent trading day at $1,038.50, moving +0.08% from the previous trading session.
Investors have gravitated to companies enacting stock splits during periods of uncertainty on Wall Street. More than a half-dozen high-profile businesses have announced or completed forward-stock splits since 2024 began.
Lam Research is the leading etch equipment company with over 40% market share in 2023. The memory market is recovering from a tough year in 2023, with significant growth in NAND and DRAM billings. Chinese equipment suppliers, such as Naura, are experiencing strong growth despite US sanctions.
The latest trading day saw Lam Research (LRCX) settling at $962.19, representing a -0.98% change from its previous close.