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Lam Research Corp. (LRCX) Targets Growth in Foundry and Logic Markets

Lam Research Corp. (NASDAQ:LRCX) is one of the debt free halal stocks to buy. On March 3 at the Morgan Stanley Technology, Media & Telecom Conference 2026, Lam Research (NASDAQ:LRCX) asserted that its future lies in the foundry and logic markets.  It is also targeting a gross margin of over 50% through strategic pricing and cost management.

Photo by JESHOOTS.COM on Unsplash

The company has successfully expanded beyond its traditional NAND focus by increasing its operations in foundry and logic. The expansion was the catalyst behind foundry and logic revenue increasing 49% in 2025. On the other hand, the advanced packaging segment is projected to grow by 40% in 2026. Strong growth in the foundry will also be  driven by the demand for artificial intelligence.

The growth will come as Lam Research continues to expand its manufacturing footprint in Asia. It has also committed to spending $2.5 billion annually on research and development investment. The company is to focus on DRAM investments, seen as a key driver of underlying growth amid the AI boom.

Lam Research Corp. (NASDAQ:LRCX) is a leading global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. It enables chipmakers to build smaller, faster, and more efficient electronic devices by providing crucial technologies such as thin-film deposition, plasma etching, photoresist stripping, and wafer cleaning for chip manufacturing.

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: 12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and Goldman Sachs Penny Stocks: Top 12 Stock Picks.

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