Lam Research (LRCX) Needs to “Put Up Plants,” Says Jim Cramer

We recently published 10 Stocks Jim Cramer Talked About.  Lam Research Corporation (NASDAQ:LRCX) is one of the stocks on Jim Cramer talked about.

Lam Research Corporation (NASDAQ:LRCX) is one of the few American companies that make and sell equipment used in semiconductor fabrication. Its shares are up by a whopping 192% over the past year. December was an important month for the firm as it saw several analysts share their thoughts about the stock. For instance, UBS reiterated a Buy rating and raised the share price target to $200 from $175. The boost came after B. Riley had hiked the share price target to $195 from $180 and kept a Buy rating. B. Riley explained that the chip equipment provider enjoyed a strong market position due to its exposure to the memory market. Before the analyst coverage, Cramer had also expressed optimism in Lam Research Corporation (NASDAQ:LRCX). Mizuho also hiked the target to $200 from $170 and kept a Buy rating based on wafer equipment estimates for 2026. In this appearance, the CNBC TV host stressed the need for more capital expenditure, likely due to his expectations for the AI market:

“Like Lam Research, we need them to put up plants.”

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Disclosure: None. This article is originally published at Insider Monkey.