Jim Cramer Discussed These 22 Stocks Including A Hidden Oil & Energy Play

9. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holdings in Q1 2026: 123

Chip manufacturing equipment manufacturer Lam Research Corporation (NASDAQ:LRCX)’s shares have performed well like those of its peers. They are up by 251% over the past year and by 89% year-to-date. As it did with Applied Materials, Susquehanna discussed the firm on June 30th. It raised Lam Research Corporation (NASDAQ:LRCX)’s share price target to 475 from $385 and kept a Positive rating on the stock. According to the financial firm, the capital equipment manufacturer should benefit from longer backlogs of its products. A day earlier, Cantor Fitzgerald had hiked Lam Research Corporation (NASDAQ:LRCX)’s share price target to $500 from $425 and kept an Overweight rating. It explained that the AI infrastructure buildout should represent a generational cycle in the semiconductor industry. Cramer commented on the shifts that Lam Research Corporation (NASDAQ:LRCX) was facing and its strengths:

“I had Gary Dickerson on recently. . .he said something to me that was really incredibly, he said Jim, for as long as I have known you, we never know what our price is going to be. It was kind of set by the market. But now, if you want to do business with us, you gotta lock in long term contracts, long term contracts can be good for you too. But you know you can’t have a business that’s cyclical that has long term contracts that’s cyclical growth. And he said, you’ve got to start realizing, this is just a different company. By the way Lam, similar, Lam is really on fire. . .these companies have a lot of intellectual property, these are the companies that China most wants to emulate.”