Jim Cramer on Lam Research: “You’ve Got a Winner in Lam Research”

Lam Research Corporation (NASDAQ:LRCX) is one of the stocks highlighted in Jim Cramer’s latest Mad Money recap as he provided top stock insights. A caller sought Cramer’s opinion on the stock, and he replied:

Oh yeah, yeah, yeah, yeah. I agree. Lam is the winner of what happened in Micron. People didn’t seem to notice. You buy, if you had to buy 100 shares, you buy 50 on Monday, okay? And then you wait, down 10%, and you buy another 50. You’ve got a winner in Lam Research.

Stock market data. Photo by Burak The Weekender on Pexels

Lam Research Corporation (NASDAQ:LRCX) develops equipment for depositing, etching, and cleaning semiconductor materials. It includes systems for tungsten and copper metallization, plasma and atomic-layer deposition, dielectric and conductor etch, and wafer cleaning. During the March 5 episode, a caller inquired about the stock and mentioned that they have a position in it. In response, Cramer said:

I want you to buy more. I want you to buy more. Lam has got the best intellectual property of any technology company, I’m not kidding, that is in that industry. And I think that you should average down. I don’t care where you paid. I think it’s going higher.

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.

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