We recently compiled a list of the 9 AI News and Ratings on Wall Street’s Radar. In this article, we are going to take a look at where Lam Research Corporation (NASDAQ:LRCX) stands against the other AI stocks.
AI is transforming industries by enabling machines to learn, adapt, and make decisions based on data. As nations and companies invest more in AI infrastructure, collaboration and competition are shaping the future of this technology, which is making it a significant part of global progress. On Bloomberg Technology, Anjney Midha, general partner at Andreessen Horowitz (A16Z), highlighted discussions at the Paris Summit on how AI is becoming a general-purpose technology, similar to electricity or the printing press.
Leaders like French President Emmanuel Macron and Indian Prime Minister Narendra Modi emphasized the importance of AI infrastructure to national development, while U.S. policymakers stressed maintaining competitiveness in open-source AI across allied nations. Midha explained that as AI advances, countries outside the two major “hyper centers” which are the U.S. and China, are deciding whether to build, buy, or partner for infrastructure. He noted growing collaboration between allies, especially across AI’s “infrastructure stack,” from chips to applications.
How Global Partnerships Are Shaping AI’s Future
Midha talked about France and said the country is accelerating its data center expansion while working with American companies like NVIDIA to deploy frontier AI chips. Although Europe is still behind the U.S. in infrastructure, it aims to catch up by partnering with countries that share its values. He also commented on the closing gap between open and closed AI models, as well as between U.S. and Chinese AI development, pointing to the rapid launch of cutting-edge models like DeepSeek-R1 shortly after OpenAI’s latest innovations.
Midha also acknowledged Elon Musk’s significant influence in Washington but focused on the broader reassessment of assumptions in AI, especially around open-source competitiveness. Despite increased politicization, he stressed A16Z’s firm stance on the value of open-source AI in driving technological progress and democratizing access. He also noted the firm’s broader values, which center around advancing innovation for societal benefit.
For this article, we selected AI stocks by reviewing news articles, stock analysis, and press releases. We listed the stocks in ascending order of their hedge fund sentiment taken from Insider Monkey’s Q4 database of over 1000 hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A technician operating an automated semiconductor processing machine with laser accuracy.
Lam Research Corporation (NASDAQ:LRCX)
Number of Hedge Fund Holders: 84
Lam Research Corporation (NASDAQ:LRCX) develops and services semiconductor processing equipment used in fabricating integrated circuits, offering a range of deposition, etch, and cleaning solutions.
On February 19, Lam Research introduced ALTUS Halo, the first atomic layer deposition tool using molybdenum for advanced semiconductor manufacturing. The technology enables precise, low-resistivity, void-free metallization, supporting the next generation of AI, cloud computing, and smart devices. The shift from tungsten to molybdenum improves efficiency by reducing process steps and enhancing chip speed.
ALTUS Halo is in volume production, with early adoption by major 3D NAND manufacturers in Korea and Singapore, along with advanced logic fabs. Micron credited the tool for enabling mass production of molybdenum in its NAND products, enhancing storage capacity and I/O bandwidth.
Overall LRCX ranks 1st on our list of the AI stocks on Wall Street’s radar. While we acknowledge the potential of LRCX as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than LRCX but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
