We recently published Jim Cramer Insisted Recent AI Chip Selloff Wasn't A Bottom & Discussed These 17 Stocks. Lam Research Corporation (NASDAQ:LRCX) is one of the stocks discussed by Jim Cramer.
Lam Research Corporation (NASDAQ:LRCX) is one of the largest semiconductor manufacturing equipment providers in the world. Its shares are up by 233% over the past year and by 79% year-to-date. Susquehanna increased Lam Research Corporation (NASDAQ:LRCX)'s share price target to $475 from $385 and kept a Positive rating on the stock on June 30th. In its coverage, the financial firm discussed the backlog for semiconductor manufacturing equipment and remarked that it appeared to have extended beyond the one year mark. With Lam Research Corporation (NASDAQ:LRCX)'s shares gaining 2.7% on Wednesday, Cramer tweeted about the firm:
"The action in Lam Research, at the heart of the intellectual property when it comes to the data center away from Nvidia, is quite positive
Broadcom and Lam great tells today!
For illustration purposes only. Photo from Pixabay/Pexels
Lam Research Corporation (NASDAQ:LRCX) is one of the largest semiconductor manufacturing equipment providers in the world. Its shares are up by 233% over the past year and by 79% year-to-date. Susquehanna increased Lam Research Corporation (NASDAQ:LRCX)'s share price target to $475 from $385 and kept a Positive rating on the stock on June 30th. In its coverage, the financial firm discussed the backlog for semiconductor manufacturing equipment and remarked that it appeared to have extended beyond the one year mark. With Lam Research Corporation (NASDAQ:LRCX)'s shares gaining 2.7% on Wednesday, Cramer tweeted about the firm:
"The action in Lam Research, at the heart of the intellectual property when it comes to the data center away from Nvidia, is quite positive
Broadcom and Lam great tells today!
For illustration purposes only. Photo from Pixabay/Pexels
23 days ago
