Here’s What Lam Research (LRCX) Highlighted at Cantor Fitzgerald Conference

​Lam Research Corporation (NASDAQ:LRCX) is one of the Unstoppable Technology Stocks to Buy Now. On March 11, Lam Research Corporation (NASDAQ:LRCX) presented at the Cantor Fitzgerald Global Technology & Industrial Growth Conference. At the conference, management highlighted its AI-driven growth, operational strengths, and future opportunities.

​Management noted growing fiscal 2025 revenue by 40% year-over-year, which surpassed the market growth rate of 10%. Notably, the gross margins also exceeded the target model of 50% in multiple quarters last year. Management noted that its Customer Support Business Group now generates around one-third of the company’s revenue and has shown 13% 5-year CAGR growth.

​Looking ahead, the company noted that they expect the wafer fabrication equipment market to hit $135 billion in 2026, primarily driven by AI compute demand. Moreover, beyond the $135 billion WFE forecast, dry resist technology offers a $1.5 billion opportunity over the next five years, with early DRAM wins.

​Lam Research Corporation (NASDAQ:LRCX), founded in 1980, is a California-based company specializing in semiconductor processing equipment for the use in fabrication of integrated circuits.

While we acknowledge the risk and potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LRCX and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years. 

Disclosure: None. Follow Insider Monkey on Google News.