Lam Research (LRCX) Has a Shortage That Can’t Be Met, Says Jim Cramer

Core Viewpoint - Lam Research Corporation (NASDAQ:LRCX) is experiencing significant growth, with its shares up 194% over the past year and 20% year-to-date, driven by increasing demand for semiconductor manufacturing equipment, particularly in memory and AI chips [2]. Group 1: Company Performance - Lam Research's share price target has been raised by Goldman Sachs from $160 to $180, maintaining a Buy rating, influenced by the anticipated demand in the semiconductor industry [2]. - Mizuho also increased Lam Research's share price target from $200 to $220, keeping an Outperform rating, citing optimism driven by AI, memory, and optical chip demand [2]. - Jim Cramer highlighted the need for Lam Research to expand production capacity, indicating strong demand for its products [2][3]. Group 2: Market Context - The semiconductor capital equipment sector, including Lam Research, is experiencing a shortage that cannot be met, contributing to the stock's performance increase of 33% since the beginning of the year [3]. - The overall narrative for the semiconductor industry in 2026 is shaped by higher demand for memory and AI chips, which is influencing investment decisions [2].