Reported 23 days ago
Lam Research (NASDAQ: LRCX), a semiconductor equipment supplier, has seen its stock drop 33% since its 52-week high in July, but recent financial results show a promising turnaround with a 20% revenue increase to $4.17 billion in Q1 2025. The company's strong performance is driven by growing demand in the memory market, particularly for high bandwidth memory (HBM) used in AI technologies. Analysts project strong earnings growth in the coming years, making this stock an attractive buy for investors anticipating a market rebound.
Source: YAHOO