35 Chip Stocks In Focus Amid Tech Selloff

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14. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58 

Lam Research Corporation (NASDAQ:LRCX) markets semiconductor processing equipment. In the earnings for the fourth quarter of 2024, the company reported a GAAP gross margin of 47.4%, a GAAP operating income as a percentage of revenue of 30.5%, and a GAAP diluted EPS of $0.92. In January, the firm announced that Aether, its innovative dry photoresist technology, has been selected by a leading memory manufacturer as a production tool of record for the most advanced DRAM processes. Dry resist, introduced by Lam in 2020, enhances the resolution, productivity, and yield of Extreme Ultraviolet (EUV) lithography, a key technology for producing next-generation semiconductor devices.

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