Capitalizing On The Semiconductor Rebound: Lam Research Is A Compelling Buy
LRCXLam Research(LRCX) Seeking Alpha·2024-07-02 11:12
Sundry PhotographyI wrote my last article on Lam Research (NASDAQ:LRCX), titled Lam Research: An Opportune Moment To Add The Stock, on Oct. 10, 2023, with a buy recommendation. Since then, the stock has been up around 66% compared to the S&P 500 index's rise of 26%. Although the stock has made a significant move over the last eight months, there is still a lot of potential upside left. Lam is a Wafer Fabrication Equipment ("WFE") company. The WFE industry had a severe cyclical downturn in the first half ...