Top 10 Stocks on Jim Cramer’s Radar as Trump Tariffs Wreak Havoc Across Global Markets

4. Lam Research Corp (NASDAQ:LRCX)

Number of Hedge Fund Investors: 58

Jim Cramer in a latest program on CNBC said that he prefers Lam Research Corp (NASDAQ:LRCX) over Applied Materials.

“All right, Applied Materials is number three. After, I like Lam Research, and then I like KLA, and then I like Applied Materials. They have a lot of China exposure that makes people very, very worried. I think Tim Archer from Lam is a better one if you want to be in capital equipment, but I’ve got to tell you, capital equipment is so tied up with China that I can’t just get behind it anymore, even though I love these companies. We’ve got to straighten things out with China.”

Columbia Seligman Global Technology Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q4 2024 investor letter:

“Lam Research Corporation (NASDAQ:LRCX) was a disappointing position for the fund during the quarter, despite strong long-term returns for the company stock. Escalating tensions between the United States and China have impacted Lam’s returns as U.S. restrictions on high-technology exports to China, particularly advanced AI chips, have been a major negative for chip providers. The company was impacted by the U.S. election and a victory for former president Trump raised concerns around potential tariffs for semiconductor manufacturing equipment during his next term.”