Jim Cramer’s Bold Predictions About These 9 Semiconductor Stocks

7. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders In Q3 2024: 58

Date of Cramer’s Comments: 10-18-24

Performance Since Then: 15.4%

Lam Research Corporation (NASDAQ:LRCX) is an American firm that makes machines used in chip fabrication. The shares have gained 15.4% since Cramer’s remarks on the back of TSMC raising capital spending, analyst coverage, and a strong earnings report. The gains are despite the fact that Lam Research Corporation (NASDAQ:LRCX)’s shares dipped by 5.8% during the DeepSeek selloff. After its fiscal third quarter revenue forecast of $4.65 billion beat analyst estimates of $4.34 billion, the shares jumped by 7.4%. Here’s what Cramer had said about Lam Research Corporation (NASDAQ:LRCX) in October:

“… Now, Lam Research is a much better company than ASML. I think it’ll tell a good story. I think it’s got a healthy buyback. Very risky, though. If it’s just only because expectations have been lowered here, it might work. But the problem with Lam is, is that what happens if ASML is at all right, then Lam won’t pop. But that’s not that big a risk.”