12 Best QQQ Stocks to Buy Right Now

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4. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 85

Lam Research Corporation (NASDAQ:LRCX) is one of the best QQQ stocks to buy right now. On September 2, Morgan Stanley analyst Shane Brett downgraded Lam Research Corporation to Underweight from Equal Weight with a price target of $92, down from $94. Lam Research Corporation regained market share, led by NAND, China, and share gains at TSM.

Earlier in FQ4 2025, the company’s revenue for the quarter was $5.17 billion, which was a 9.6% increase from the previous quarter. The company also reported strong profitability, with a non-GAAP gross margin of 50.3%, up from 49.0% in the previous quarter. The company’s financial position also strengthened, with cash reserves increasing to $6.4 billion.

Deferred revenue grew to $2.681 billion, indicating strong future sales potential. The company’s non-GAAP operating income as a percentage of revenue rose to 34.4%. Lam Research also raised its forecast for the wafer fabrication equipment/WFE market for 2025 to $105 billion, attributing the increase to improved demand from China.

Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of ICs in the US, China, Korea, Taiwan, Japan, Southeast Asia, and Europe.

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