Stock Data
$3.05 (1.00%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
TECHNOLOGY
Industry
SEMICONDUCTOR EQUIPMENT & MATERIALS
Lam Research Corp, headquartered in Fremont, California, is a leading player in the semiconductor industry, providing a wide range of equipment essential for the production of integrated circuits. Its offerings include systems for tungsten metallization, copper interconnect transition, film treatments, and dielectric film solutions, among others. The company also specializes in technologies for etching and cleaning processes, crucial for enhancing die yield and precision in semiconductor manufacturing. Serving a global market, Lam Research is a key partner for semiconductor producers around the world.
ACM Research reports at 6:00 AM ET, and the $5.1 billion cleaning-tool maker is the cleanest public read on whether Chinese fabs are still buying through export controls. Gross margin and the full-year outlook matter more than the quarter itself, with read-throughs to Lam Research and Applied Materials.
Lam Research extended its five-quarter beat streak with a 8.1% EPS surprise as systems revenue surged 24% year-over-year, and the company just guided September quarter revenue to $8.10 billion, signaling a 20% sequential jump that puts it on track for a third consecutive year of outperformance amid accelerating AI-driven chip manufacturing demand.
Cramer sees Lam Research as the semiconductor infrastructure play that lets investors get AI data center exposure without betting directly on Nvidia's valuation.
The action in Lam Research, at the heart of the intellectual property when it comes to the data center away from Nvidia, is quite positive
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