10 AI News You Can’t Miss

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6. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor stock that offers semiconductor equipment and services used in the making of integrated circuits. The company has been leveraging artificial intelligence to revolutionize semiconductor manufacturing, particularly its Equipment Intelligence® solutions. These EI solutions leverage AI and data analytics to make semiconductor manufacturing equipment smarter, faster, and more efficient. As we head into next year, several analysts are betting big on semiconductor stocks, one of which is Lam Research. Bank of America analyst Vivek Arya, in particular, anticipates substantial tailwinds for flash-memory equipment leader Lam Research as capital expenditures recover. However, there is a near-term risk of China’s export restrictions.

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