We recently compiled a list of the 15 Best Strong Buy Tech Stocks to Invest In. Lam Research Corporation tops our list for being one of the best Strong Buy stocks.
TheFly reported on February 3 that Argus Research raised the price target for LRCX to $280 from $175 and maintained a Buy rating. The adjustment followed Q2 results that topped estimates and built on strong growth in 2025. The firm pointed out that LRCX is well-positioned for long-term development due to secular trends like generative AI, cloud data centers, vehicle electrification, IoT, robotics, and AI-enabled edge devices.
A day earlier, on February 2, Lam Research Corporation (NASDAQ:LRCX) and CEA-Leti announced a new multi-year agreement to advance next-generation Specialty Technology devices, including MEMS, 3D imaging and sensors, photonics, RF solutions, and quantum optics. In order to solve important technical problems, speed up development, and optimize upcoming gadgets for artificial intelligence and high-performance computing, the collaboration will investigate innovative materials and fabrication techniques. LRCX and CEA-Leti want to improve low-power, high-performance applications for next-generation specialist technology solutions by expanding on their long-standing research and development collaboration.
Lam Research Corporation (NASDAQ:LRCX) is a U.S. semiconductor equipment leader that designs and supplies advanced wafer fabrication systems and services essential for manufacturing integrated circuits and AI‑era chips worldwide.
While we acknowledge the potential of LRCX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Disclosure: None.
