10 AI News and Ratings You Should Not Miss

6. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58

Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor equipment used in the production and processing of integrated circuits.

On January 29, Lam Research (NASDAQ:LRCX) posted FQ2 non-GAAP EPS of $0.91, outperforming estimates by $0.03, and revenue of $4.38 billion exceeding forecasts by $70 million. For FQ3, the company expects a revenue of $4.65 billion and a net income per diluted share of $1. During the earnings call, President and CEO, Tim Archer said:

“…gate all around and advanced packaging technologies are critical enablers for AI device manufacturing, including GPUs and high bandwidth memory. They are also highly deposition and etch intensive. And as a result, we saw Lam’s shipments for gate all around nodes and advanced packaging each grow to exceed $1 billion in 2024. In calendar 2025, we see WFE spending rising slightly to approximately $100 billion. Again, we expect technology inflections to lead to faster growth for Lam. As AI applications demand greater device and package level performance.”