Sundry Photography Investment Thesis Lam Research (NASDAQ:LRCX) a leading supplier of wafer-fabrication equipment, is poised to benefit from the ongoing recovery in the memory capex cycle heading into FY2025. Despite a recent pullback in semiconductor stocks due to macro concerns, demand for memory chips remains strong. While LRCX topped both revenue and earnings expectations in its 4Q FY2024 report, the stock is down 30% from its July high. The company had previously experienced a revenue decline that  ...