14 Tech Stocks to Sell Now According to Ken Fisher

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9. Lam Research Corporation (NASDAQ:LRCX)

Percentage of stake sold by Fisher Asset Management in Q2 2025: 52%

Fisher Asset Management’s Q2 Stake Value: $43,755,373

Number of Hedge Fund Holders: 85

Lam Research Corporation (NASDAQ:LRCX) is included in our list of the 14 Tech Stocks to Sell Now According to Ken Fisher.

Morgan Stanley downgraded Lam Research Corporation (NASDAQ:LRCX) from ‘Equal Weight’ to ‘Underweight’ on September 1, 2025, reducing its price target from $94 to $92. The investment firm cites the company’s key growth drivers, China logic and NAND memory, which are expected to slow sharply following two robust years. Meanwhile, system shipment growth is projected to decline from 82% in 2025 to 3% in 2026.

Morgan Stanley did acknowledge Lam Research Corporation (NASDAQ:LRCX)’s strong track record, particularly a 23.68% revenue surge over the past year and significant NAND market share gains. However, the investment firm believes that weakening end-markets, especially in China, could impact its future performance.

Lam Research Corporation (NASDAQ:LRCX) offers deposition, etch, and cleaning solutions critical to integrated circuit fabrication by providing semiconductor processing equipment globally. It is one of the stocks to sell.

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