10 Best Tech Stocks to Buy According to Billionaires

8. Lam Research Corp. (NASDAQ:LRCX)

Number of Billionaire Investors: 20

Billionaire Holdings: $3.5 Billion

Number of Hedge Fund Holders: 91

Lam Research Corp. (NASDAQ:LRCX) is one of the 10 best tech stocks to buy according to billionaires right now. In a recent update dated June 9, BofA Securities analyst Vivek Arya reiterated his Buy rating on Lam Research and raised the stock’s price target to $100 (up from $90), driven by a more constructive outlook on NAND, as well as continued strength in advanced DRAM markets, including DDR5 and HBM.

Following discussions with Lam Research’s management during the 2025 Bank of America Global Technology Conference, Arya highlighted positive signals not only from Lam but also from KLA Corp and Applied Materials. All three companies pointed to sustained momentum in leading-edge foundry/logic and advanced DRAM wafer fab equipment (WFE) demand this year. According to Arya, this strength is playing a key role in balancing out ongoing softness in China and in spending on trailing-edge nodes. This, in turn, is helping the sector stay on track for mid-single-digit year-over-year growth in calendar 2025.

At the conference, the company projected the wafer fab equipment market to grow by mid-single-digit to around $100 billion, from around $90 billion last year. Lam Research is positioning itself to secure a substantial share of this growth, particularly in etch and deposition, where investment is projected to rise from the low to high 30% range.

Lam Research Corp.’s (NASDAQ:LRCX) management also commented on early-stage NAND upgrade activity taking place across multiple customers, framing it as part of a broader, long-term $40 billion market opportunity. Importantly, despite recent concerns surrounding regulatory developments, Arya noted that all major vendors view China as effectively “de-risked” for 2025, with sales contribution expected to stabilize in the 25%–30% range.

Lam Research Corp. (NASDAQ:LRCX) is a leading semiconductor equipment manufacturer that provides wafer fabrication equipment and services to the semiconductor industry. The company’s innovative systems for wafer etching and deposition are essential for the advanced nodes of semiconductor technology, enabling the creation of smaller and more efficient integrated circuits.