Lam Research Rallies 25% YTD: Is it Too Late to Buy the Stock?

Key Takeaways Lam Research is up 25.3% YTD, outpacing the Zacks Electronics-Semiconductor industry's 5.1% gain. Lam Research's growth is fueled by AI, data center demand and next-gen chip manufacturing tools. LRCX trades at 22.7X forward P/E, well below the industry's 30.92X despite strong performance.Lam Research Corporation (LRCX) has had a strong run so far this year, rallying 25.3%. This is well ahead of the Zacks Electronics – Semiconductors industry, which has risen just 5.1% during the same period. ...