Bailard Inc., an investment management company, released its Q3 2025 investor letter for “Bailard Technology Strategy”, reporting a 9.36% return compared to market indices. Lam Research Corporation (NASDAQ:LRCX) was highlighted as a top stock, with a one-month return of 15.04% and a market capitalization of $224.552 billion.

In the investor letter, Bailard Technology Strategy praised Lam Research Corporation (NASDAQ:LRCX) for its position in memory fabrication tools and cyclical demand in wafer equipment. The stock saw a 37.84% gain and remained well-positioned amid AI infrastructure investment.

Lam Research Corporation (NASDAQ:LRCX) is not among the 30 most popular stocks among hedge funds, but 93 hedge funds held it in Q3 2025. The company reported $5.3 billion in revenue, up 3% from the previous quarter. Consider other AI stocks with potential upside and less downside risk.

For more insights on Lam Research Corporation (NASDAQ:LRCX) and the best-performing S&P 500 stocks in 2025, visit Insider Monkey’s articles. Explore hedge fund investor letters from Q3 2025 for additional information on market trends and top picks.

Read more at Yahoo Finance: Lam Research Corporation (LRCX) is Benefitting from Cyclical Demand