Jim Cramer Says: 'Don't Be in a Hurry to Buy Lam Research'
'It would be best to accept that the food and drugs can have a couple of days in the sun, can't they? The old leaders pulled back a little, can't they? Don't be in a hurry to buy Lam Research or Applied Materials or KLA… not after we had Texas Instruments on tonight, and I wouldn't step in front of the falling knives that represent any of the meme stocks…'
Photo by AlphaTradeZone
Lam Research (NASDAQ:LRCX) develops equipment used in semiconductor manufacturing and provides advanced systems for deposition, etching, and cleaning processes important to integrated circuit production. During a March episode, Cramer said that he 'would own the stock.' He commented
'I like Lam very much. Right now, it's in the crosshairs of a lot of different geopolitical concerns. It's one of those stocks that I think is deeply involved with the negativity right now. It's a shame because Tim Archer's not a negative guy and they are a fabulous company. I would own the stock.'
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.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
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