Coatue’s 35 Most Important AI Stocks

20. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 58 

Lam Research Corporation (NASDAQ:LRCX) markets semiconductor processing equipment. The company is the third leading supplier of wafer fab equipment. In the quarter ending December 29, 2024, the company reported revenues of $4.376 billion, with a gross margin of $2.073 billion, representing 47.4% of revenue. This positive trajectory is largely driven by the escalating demand for advanced AI chips, which require sophisticated semiconductor manufacturing equipment. Lam Research’s CEO, Tim Archer, highlighted the increasing need for higher chip performance, a trend that benefits the company. To further strengthen its position in the AI sector, Lam Research has been integrating AI into its operations. A groundbreaking study by the company demonstrated that a human-machine hybrid model could reduce process development costs by 50% and accelerate time-to-market.