Janus Henderson Global Technology and Innovation Fund’s third-quarter 2025 investor letter showcased strong performance in the technology sector, with a 9.19% return outpacing the S&P 500 Index and MSCI All Country World Information Technology Index. Lam Research Corporation (NASDAQ:LRCX) was highlighted as a top performer with a 15.29% one-month return and a market cap of $220.882 billion.

According to the investor letter, Lam Research Corporation (NASDAQ:LRCX) has seen increased demand for NAND memory chips due to the AI revolution, contrary to initial expectations. The company’s focus on memory chips has positioned it well to benefit from the growing demand for AI applications, making it a noteworthy player in the semiconductor complex.

Despite not being among the 30 Most Popular Stocks Among Hedge Funds, Lam Research Corporation (NASDAQ:LRCX) saw an increase in hedge fund portfolios holding its shares in the third quarter of 2025. The company reported revenue of $5.3 billion in the September quarter, showing a 3% increase from the prior quarter. While Lam Research Corporation (NASDAQ:LRCX) presents investment potential, some AI stocks may offer higher upside potential with lower downside risks.

Read more at Yahoo Finance: Here’s How Lam Research Corporation (LRCX) is Benefitting from AI