Stock Spotlight: Lam Research (NASDAQ: LRCX) – Semiconductor Equipment Poised for a Tech Surge
Why Lam Research Stands Out
- Lam Research (LRCX) has emerged as a top pick among semiconductor stocks, earning a spot alongside Nvidia and Broadcom on elite platforms like IBD’s Big Cap 20 and IBD Leaderboard.
- The company is riding healthy tailwinds—its earnings have surged ~39.6% on average over the last three quarters, while sales acceleration has jumped from 16% to 34%.
- Wirehouse and institutional interest remains strong, with $12.3 billion in recent capital inflows and a Composite Rating of 98—marking it as a technical leader.
- Chart-wise, LRCX recently broke into a cup-with-handle base, a classic bullish continuation setup signaling strong upside potential.
What to Watch This Monday
| Factor | Detail |
|---|---|
| Momentum Setup | Cup-with-handle breakout sets the stage for follow-through. |
| Institutional Backing | Heavy capital inflows signal renewed confidence in semiconductor recovery. |
| Call to Action | Look for continuation above the handle’s high (~$645–650) for a possible aggressive entry. |