15 AI Stocks That Are Quietly Making Investors Rich

13. Lam Research (NASDAQ:LRCX)

Lam Research (NASDAQ:LRCX) is one of the 15 AI stocks that are quietly making investors rich.

On February 25, Morgan Stanley increased the firm’s price target on Lam Research (NASDAQ:LRCX) to $254 from $244. The firm maintained an Equal Weight rating on the shares, which currently yield an adjusted upside potential of more than 16%.

Morgan Stanley also lifted its wafer fabrication equipment market growth forecasts to 23% for 2026 and 27% for 2027, up from prior estimates of 13% and 19%. The firm said that the improved outlook is largely being driven by stronger spending on DRAM memory, which is expected to support demand for semiconductor manufacturing equipment in the coming years.

Back on February 3, Argus also increased its price target for Lam Research (NASDAQ:LRCX) shares from $175 to $280, resulting in a revised upside potential of almost 28%. The firm maintained its Buy rating on the stock after second-quarter results exceeded estimates, adding to growth in 2025.

From a long-term perspective, various technological advancements, such as generative AI, cloud data centers, vehicle electrification, the Internet of Things, robotics, and AI-powered edge devices, will drive growth for the company.

Lam Research (NASDAQ:LRCX) is a manufacturer and global supplier of semiconductor processing equipment that is useful for the fabrication of integrated circuits. The company specializes in thin film deposition, wafer cleaning, plasma etch, and photoresist strip. It also offers products like Da Vinci, DV-Prime, and EOS for wafer cleaning applications.