Jim Cramer Insisted Recent AI Chip Selloff Wasn’t A Bottom & Discussed These 17 Stocks 

13. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holdings in Q1 2026: 123

Lam Research Corporation (NASDAQ:LRCX) is one of the largest semiconductor manufacturing equipment providers in the world. Its shares are up by 233% over the past year and by 79% year-to-date. Susquehanna increased Lam Research Corporation (NASDAQ:LRCX)’s share price target to $475 from $385 and kept a Positive rating on the stock on June 30th. In its coverage, the financial firm discussed the backlog for semiconductor manufacturing equipment and remarked that it appeared to have extended beyond the one year mark. With Lam Research Corporation (NASDAQ:LRCX)’s shares gaining 2.7% on Wednesday, Cramer tweeted about the firm:

“The action in Lam Research, at the heart of the intellectual property when it comes to the data center away from Nvidia, is quite positive

Broadcom and Lam great tells today!

Vltava Fund discussed Lam Research Corporation (NASDAQ:LRCX) in its Q2 2026 investor letter:

“During the second quarter, we sold out four stock positions and added two new ones to the portfolio. We sold the troika Lam Research Corporation (NASDAQ:LRCX), Applied Materials, and KLA Corporation, all of which are key suppliers of manufacturing equipment and process control solutions for the semiconductor industry. These are undoubtedly excellent businesses, without which it would be impossible to produce increasingly advanced chips. Nevertheless, once the valuations of even the best companies begin to reach levels of 20× sales and 50× earnings, the balance between quality and price shifts significantly to the investor’s disadvantage. In such a situation, it is no longer enough simply to recognize that these are excellent companies. It is also necessary for future growth, margins, and return on capital to remain exceptionally high over the long term and for practically no significant risks to materialize. In our view, this is an overly demanding and speculative combination. Despite the ongoing semiconductor boom, it is still good to remember that this is a pretty cyclical industry. There remained no margin of safety between price and value to speak of, and the high prices were therefore our impetus to sell.”