Lam Research Corp. (NASDAQ:LRCX) is one of the 15 best stocks to invest in according to billionaires.
On February 3, Argus increased the firm’s price target on Lam Research Corp. to $280 from $175. The firm maintained its Buy rating on the stock following the second-quarter results that exceeded expectations. The stock offers a revised upside potential of almost 20%.
Argus expects extended growth driven by secular technology inflections, including gen-AI, cloud data centers, vehicle electrification, IoT, robotics, and AI-enabled edge devices.
On February 2, Lam Research Corp. and CEA-Leti announced a multi-year partnership to enhance next-generation Specialty Technology products, including MEMS, sensor, power management, and photonics devices. The partnership will look to leverage new materials and processing techniques for compound semiconductors.
Close-up of Silicon Die are being Extracted from Semiconductor Wafer and Attached to Substrate by Pick and Place Machine. Computer Chip Manufacturing at Fab. Semiconductor Packaging Process.
Leveraging co-development work, the companies are now jointly researching new materials for low-power and high-performance products. This aims to power next-generation RF filters, electro-optic modulation, and quantum optics for artificial intelligence and high-performance computing applications.
Lam Research Corp. 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.
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