Jim Cramer praises Lam Research Corp for strong performance and intellectual property, deeming it undervalued.

Jim Cramer recently discussed Lam Research Corp (NASDAQ:LRCX), an American semiconductor manufacturing equipment provider. The company’s shares have gained 36% year-to-date due to bullishness about AI demand. Cramer highlighted the firm’s intellectual property and believes the stock can go higher. He praised Lam Research’s recent earnings report, calling it “chock-full of really good numbers.”

Cramer emphasized the value of Lam Research Corp (LRCX), stating it is too cheap to ignore. He commended the company for its performance and urged the administration to celebrate companies like Lam that have done well. While LRCX shows investment potential, some AI stocks may offer greater returns and limited downside risk according to experts.

For investors interested in AI stocks, Lam Research Corp (LRCX) presents a compelling option. However, there are other AI stocks with potential for higher returns and less risk. Consider exploring the best short-term AI stock for a potentially lucrative investment opportunity. Explore more AI stock options with the 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires articles for further insights.

Read more at Yahoo Finance: Lam Research Corp (LRCX) Is Too Cheap to Ignore, Says Jim Cramer