Lam Research (LRCX)’s “A Growth Company,” Says Jim Cramer

We recently published 12 Latest Stocks on Jim Cramer’s Radar . Lam Research Corporation (NASDAQ:LRCX) is one of the stocks Jim Cramer recently discussed.

Lam Research Corporation (NASDAQ:LRCX) also makes and sells equipment used in semiconductor fabrication. Due to the booming demand for chips, Cramer is quite optimistic about the firm. In an earlier appearance, he commented that Lam Research Corporation (NASDAQ:LRCX)’s shares might still be worth buying despite experiencing a 65% parabolic move. In this appearance, he discussed the firm in the context of high demand for high-bandwidth memory chips. These chips are used alongside GPUs for AI processing, and here is what Cramer said about Lam Research Corporation (NASDAQ:LRCX):

“When you look at say, uh, let’s say you do Lam Research. . .These were companies, no one thought there would be such a huge rush to have most high bandwidth memory. . .And that’s these companies. You need them.

“Look, Lam Research is working 24/7 to make the machines that make high bandwidth memory. And the storage capabilities are just not there for what we’re trying to do. . .well Lam’s a growth company. . .”

Image by MayoFi from Pixabay

Here is what Cramer said about Lam Research Corporation (NASDAQ:LRCX) on September 15th:

“Yeah, someone downgraded Lam Research the other day, and I said, are you out of your mind? That’s the chief intellectual property of semiconductor capital equipment. I think it is still a buy even though it just had this parabolic move, up 65%. Do not sell it. Be a buyer.”

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