Jim Cramer’s Latest Lightning Round: 7 Stocks in Focus

2. Lam Research Corporation (NASDAQ:LRCX)

Number of Hedge Fund Holders: 84

When Cramer was asked about Lam Research Corporation (NASDAQ:LRCX), he said:

“I like Lam very much. Right now, it’s in the crosshairs of a lot of different geopolitical concerns. It’s one of those stocks that I think is deeply involved with the negativity right now. It’s a shame because Tim Archer’s not a negative guy and they are a fabulous company. I would own the stock.”

Lam Research (NASDAQ:LRCX) focuses on the design, production, sales, refurbishment, and upkeep of equipment essential for integrated circuit manufacturing. Over the past year, LRCX stock went down more than 15%. It is worth noting that Cramer was equally bullish on the company stock in January when he said:

“That stock is so cheap. Oh, I wanna buy it. I wanna buy. We have so much semi in the Charitable Trust, but that stock is so, the cheapest I’ve seen in a long time. I really like LRCX.”