Jim Cramer discussed Lam Research Corporation (NASDAQ:LRCX) on a recent show, highlighting the high demand for HBM memory chips. Cramer believes Lam Research will benefit from this demand, and analysts at Citi are also bullish on the stock, raising their price target from 175 to 190. Lam Research is seen as a profitable company with strong potential in the current market cycle.

According to Jim Cramer, Lam Research (LRCX) is expected to have a continuous stream of orders due to the high demand for high bandwidth memory chips. Cramer praised the company’s profitability and the leadership of Tim Archer, who has successfully navigated challenges in the industry. Lam Research is positioned as a strong player in the semiconductor manufacturing equipment sector.

While Lam Research (LRCX) shows promise as an investment, some suggest that AI stocks may offer even greater potential for returns. A focus on AI stocks with low downside risk and high growth potential is recommended for investors seeking opportunities in the current market. For those looking for AI stocks with strong upside potential, consider exploring the options highlighted in the article.

Read more at Yahoo Finance: Lam Research’s (LRCX) Going to “Have Orders as Far as the Eye Can See,” Says Jim Cramer