We recently published 9 Stocks Jim Cramer Talked About in a Show Where He Advised OpenAI to Slow Down. Lam Research Corporation is one of the stocks Jim Cramer discussed on the show.
Cramer has started to frequently discuss semiconductor manufacturing equipment provider Lam Research Corporation recently. He believes the high demand for HBM memory chips will help the firm and reiterated the opinion in this appearance as well:
“Now I’m trying to distinguish between the companies that are making a lot of money and the companies that are just having some revenues and not making money at all. Citi takes Lam Research from 175 to 190. They make a lot of the equipment that you need in order to be able to have high bandwidth memory which is huge in the data center. And they are extremely profitable, and I think that’s a great call. That I like. I just want to buy companies that are lucrative at this phase of the cycle.
“Look, Lam is going to have orders as far as the eye can see. They can’t make it up. No one thought that there would be this much demand for high bandwidth memory, and, Micron kind of thing. And I just say, okay well there’s a winner.
“Lam has taken the, Tim Archer, he took a couple of billion dollar hit. And so yo’re de-risked from China and the orders just keep flowing, it’s a great company. I remember when it was. . .Novellus was, the guy who runs it now, Tim Archer, is from the Novellus side, I like him.”
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This article is originally published at Insider Monkey.
