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With a market cap of around $392.9 billion, Lam Research Corporation (LRCX) designs and manufactures the highly specialized equipment that chipmakers use to build advanced semiconductors. The Fremont, California-based company's systems play a critical role in key wafer-fabrication processes, including thin-film deposition, plasma etching, photoresist strip, wafer cleaning, and metrology, helping semiconductor manufacturers produce smaller, faster, and more powerful chips.
Lam Research has been one of the market's biggest winners, with its stock delivering eye-popping gains that have left the broader market behind. Over the past year, LRCX stock has jumped 219.5% while the broader S&P 500 Index ($SPX) has rallied 20.5%. The rally has remained red-hot in 2026, with shares climbing another 83.5% year to date, compared with the benchmark's 12.1% gain.
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2 months ago

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