Lam Research Corporation (NASDAQ:LRCX) was discussed by Jim Cramer in relation to Applied Materials’ poor performance. Cramer believes Lam is a better company and suggested buying the stock after a potential dip due to Applied Materials’ results.

Lam Research Corporation (NASDAQ:LRCX) specializes in semiconductor material equipment, including systems for metallization, deposition, etching, and cleaning. Despite a recent surge in stock prices, Cramer sees LRCX as a strong investment with significant intellectual property in semiconductor capital equipment.

While LRCX shows promise as an investment, other AI stocks may offer greater potential. An undervalued AI stock benefiting from tariffs and onshoring trends could be a more lucrative option. For more insights, check out a free report on the best short-term AI stock.

No disclosures were made in the article, which was originally published on Insider Monkey.

Read more at Yahoo Finance: Jim Cramer Considers Lam Research a “Better Company” Than Applied Materials