Top 10 Semiconductor Stocks to Buy Now

8. Lam Research Corporation (NASDAQ:LRCX)

No. Of Hedge Fund Holders: 84

Lam Research Corporation (NASDAQ:LRCX) makes semiconductor manufacturing equipment for etching, deposition, and cleaning, serving diverse markets globally, including the US, China, and Asia. The company’s USP is that these technologies are fundamental to manufacturing the high bandwidth memory (HBM) and advanced logic chips that power AI applications. Rapid AI infrastructure growth, ongoing memory upgrades, and expanding chip manufacturing capacity are driving sustained growth. The company reported a revenue of $4.38 billion for Q1 2025 and declared a dividend of $0.23 per share.

Lam Research Corporation (NASDAQ:LRCX) stands out as a particularly compelling company in today’s environment. Its dominant market position in critical manufacturing technologies gives it a significant advantage. As cloud providers expand their data center infrastructure, they rely on the company’s expertise and cutting-edge solutions to build and upgrade their facilities. This positions Lam Research Corporation (NASDAQ:LRCX) to capitalize on the sustained growth of the cloud computing market. At the time of writing this article, the stock has a share price of $79.01 and a market cap of $101.48 billion. Lam holds immense potential, with the 12-month trading price of $95.60 with an upside of 21%.