11 Stocks Jim Cramer Just Discussed As He Shared Why Stocks Are Rising

6. Lam Research Corp (NASDAQ:LRCX)

Number of Hedge Fund Holders In Q1 2025: 91

Lam Research Corp (NASDAQ:LRCX) is the final semiconductor manufacturing equipment provider on our list. The shares have gained 37.8% year-to-date as investors continue to remain optimistic about the mid to long-term prospects of the AI industry. Lam Research Corp (NASDAQ:LRCX) is also one of Cramer’s top chip manufacturing equipment stocks, as in a previous appearance, he remarked that the firm’s valuation is incredibly low when compared to its peers. This time around, he pointed towards the criticality of Lam Research Corp (NASDAQ:LRCX)’s position in the global chip manufacturing industry and the advantage this offers the US:

“Because our companies are really. . .Tim Archer at Lam, this is where the big intellectual property for our companies. And we don’t talk about it enough, is making chips. Those are the companies that preside over the greatness of the cycle. I wonder if Jensen might even agree with me on that.”

The CNBC TV host recently discussed Lam Research Corp (NASDAQ:LRCX) in detail. Here is what he said:

“I’m using this as a metaphor. People are reaching for things they feel have not kept pace with the big tech rally. This morning Morgan Stanley goes Applied Materials, they’re like KLA, but I want to focus on Lam Research because it’s only 25 times earnings. You’ll see the chart it’s not like it missed anything, it’s like boom. But it can still take out that August high of last year. This is an amazing company and what people don’t realize is that the intellectual property for our semis, has to do with the capital equipment companies. And the one that I think is the most sophisticated is Lam. So I actually don’t want people paying 25 times earnings.”