Lam Research’s (LRCX) Going to “Have Orders as Far as the Eye Can See,” Says Jim Cramer

Core Insights - Jim Cramer has highlighted Lam Research Corporation (NASDAQ:LRCX) as a strong investment opportunity due to the increasing demand for high bandwidth memory chips, which is essential for data centers [1][2] - Cramer noted that Lam Research is extremely profitable and has received a price target increase from Citi, moving from $175 to $190, indicating strong market confidence in the company [1] - The company is expected to have a continuous flow of orders, driven by unexpected high demand for high bandwidth memory, positioning it as a winner in the semiconductor manufacturing equipment sector [2] Company Performance - Lam Research is recognized for its significant role in producing equipment necessary for high bandwidth memory, which is crucial for data centers [1] - The company has successfully de-risked its operations from China, which has contributed to a steady influx of orders [2] - Tim Archer, the CEO of Lam Research, has a background with Novellus, which adds credibility to the company's leadership and strategic direction [2] Market Outlook - The semiconductor manufacturing equipment sector is experiencing a surge in demand, particularly for high bandwidth memory, which is expected to continue [2] - While Lam Research is seen as a strong investment, there is a belief that certain AI stocks may offer higher returns with limited downside risk, suggesting a competitive investment landscape [2]