Jim Cramer Discusses These 10 Stocks & DeepSeek’s Limitations

3. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders In Q3 2024: 58

Lam Research Corporation (NASDAQ:LRCX) is a semiconductor manufacturing equipment provider. Its shares are down by 1.78% over the past year as the firm struggles to navigate from a selloff that started in July. Back then, Lam Research Corporation (NASDAQ:LRCX)’s stock tumbled as word of tighter chip equipment restrictions against China started to spread. Then, the firm struggled as weak chip equipment demand signaled by peers such as ASML continued to drive its narrative. Lam Research Corporation (NASDAQ:LRCX)’s shares fell by 5% during the DeepSeek selloff but gained 7.4% later after ASML beat earnings estimates. Here is what Cramer said:

“Of the winners there [in semiconductor equipment], it’s Lam. That’s the one you want and then after that KLA and then after that Applied Materials.”