Reported 3 months ago
After Micron Technology's Fiscal 2024 earnings showed a remarkable 93% revenue increase and a shift to profitability, analysts suggest that Lam Research could be a smart buy. Micron's spending on production capacity is set to significantly benefit Lam, which relies on memory manufacturing equipment. With an attractive valuation and positive growth forecasts, investing in Lam Research could yield substantial returns in the booming memory chip market, especially driven by AI demand.
Source: YAHOO