Lam Research(US:LRCX) CNBC Television·2025-11-12 15:40Company Focus - The discussion centers on identifying companies that are highly profitable versus those with revenues but lacking profitability [1] - Lam Research (LAM) is highlighted as a lucrative company in the current market cycle [2] - City upgraded LAM research from $175 to $190 [2] High Bandwidth Memory (HBM) Market - Lam Research is a key equipment provider for high bandwidth memory (HBM), which is in high demand in the data center sector [2] - Unprecedented demand for high bandwidth memory is noted [3] China Market Impact - China restrictions, potentially removing China from the equation, are mentioned [3] - Lam Research experienced a couple billion dollar hit due to China restrictions, with Tim Archer taking the lead [3] - The company is considered derisked from China, and orders continue to flow [4] Leadership - Tim Archer, previously from Novellus, is now leading the company [4]