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.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
You've certainly heard of the California Gold Rush of 1849. What you may not know about it, however, is that most people who migrated west in search of the precious metal didn't actually find much of it, if any.
Lam Research (LRCX) concluded the recent trading session at $71.79, signifying a +0.81% move from its prior day's close.
Shares of semiconductor equipment supplier Lam Research (LRCX -4.83%) lost ground Thursday morning, and were trading down 4.7% as of 12:25 p.m. ET. This is notable as Lam is missing out on the rebound many stocks are experiencing following Wednesday's market rout.
LRCX breaks above its 50-day moving average, signaling momentum. Strong fundamentals and AI-driven growth justify holding the stock.
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For the better part of two years, the bulls have been running wild on Wall Street. While these gains can prominently be traced to the rise of artificial intelligence (AI), AI isn't the only catalyst responsible for sending the broad-market indexes to fresh highs.
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Lam Research Corporation (NASDAQ:LRCX ) Barclays 22nd Annual Global Technology Conference December 11, 2024 11:40 AM ET Company Participants Tom O'Malley - CFO Conference Call Participants Doug Bettinger - Barclays Doug Bettinger Safe harbor to keep my attorneys happy. I don't plan to say anything that I haven't said on public record before, so don't be disappointed with that.