30 Best Stocks To Invest In According to Billionaires

25. Lam Research Corporation (NASDAQ:LRCX)

No. of Billionaire Investors: 20

Total Value of Billionaire Holdings: $3.50 Billion

Lam Research Corporation (NASDAQ:LRCX) is a leading semiconductor equipment manufacturer that provides wafer fabrication equipment and services to the semiconductor industry. The company has a strong presence in two wafer fabrication equipment (WFE) categories. It is the leading supplier of etch systems and one of the top leaders in deposition systems. Lam Research Corporation products are widely used in memory chip production, but foundry customers like Taiwan Semiconductor also use its systems to make logic chips like CPUs and GPUs. In all cases, the company should benefit as AI increases demand for semiconductors.

On February 20, Susquehanna analyst Mehdi Hosseini raised the price target on LRCX shares from $75 to $125 and also upgraded the rating from Neutral to Positive. Hosseini believes that Lam’s strategic expansion of its serviceable available market (SAM) will diversify its revenue across different device types. Samsung, which expects its Memory business to get better by the end of 2025, will benefit Lam as the phone-maker remains one of the top three customers of the company.

Lam Research Corporation (NASDAQ:LRCX) has reported strong results during the Q2 FY2025, with revenue of $4.38 billion, up by 5% year-over-year. The company is well-positioned to take advantage of technology inflections in AI applications, with shipments for gate-all-around nodes and advanced packaging projected to surpass $3 billion in 2025.