Jim Cramer’s Surprised About US Travel As He Discusses These 18 Stocks

9. Lam Research Corp (NASDAQ:LRCX)

Number of Hedge Fund Holders In Q4 2024: 84

Lam Research Corp (NASDAQ:LRCX) is an American semiconductor company that makes and sells chip manufacturing equipment. It is one of the few firms of its kind in the world, which provides it with a wide moat in the industry. Lam Research Corp (NASDAQ:LRCX)’s shares are down by 1.4% year-to-date as they struggle to recover from a massive 19.9% drop in April after tariff announcements. Lam Research Corp (NASDAQ:LRCX)’s latest earnings report saw it grow revenue by 8% annually to $4.7 billion. Cramer was full of praise for the firm:

“. . I thought Lam was great. I mean Lam was just chock-full of really good numbers.”

“You know Carl, a lot of people feel like we don’t make anything in this country. . .but Lam Research is probably the greatest semiconductor capital equipment company other than Taiwan Semi. And they reported a monster quarter. And Tim Archer, the CEO, came on Mad Money, he’s fantastic, Doug Bettinger . .the CFO. . .just fantastic. This was an amazing quarter, I know it’s up three, it’s gonna go up more. They are just a remarkable company. You can see ADI up today, you can see obviously Texas Instruments up today. On Semi up today. That’s where the rally is coming from. These are industrial, a lot of industrial semis. But Lam is trying to get into the most high-end stuff too. We should be proud. This is where all the intellectual property really lies. With these companies. That’s how they can make these chips. And I think if we were, if Jensen Huang were here or something I think he would say something like you know what we are great because of the companies that make the capital equipment machines. And Lam’s an amazing company.”

“What the administration needs to do among many things is to start celebrating the guys who really have stayed and done great things. Make people feel better. Stop making people feel bad. Lam is a gem. Just a gem.”