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home / news releases / MU - Lam Research: A Favorite In The Semis - Initiating With A Buy

MU - Lam Research: A Favorite In The Semis - Initiating With A Buy

Micron Technology Inc.

2024-04-09 03:57:49 ET

Summary

  • Lam Research's position in the semi-cap during a memory rebound cycle should support outperformance in 2024, in my opinion.
  • Memory makes up a noteworthy portion of Lam's total revenue, at 48% in its December quarter.
  • Lam's stock has already outperformed the S&P 500 in the first quarter, up around 30%.
  • I share my thoughts on Lam here, and why I think it has more upside in 2024.

Investment Thesis

For further details see:

Lam Research: A Favorite In The Semis - Initiating With A Buy
Stock Information
Company Name: Micron Technology Inc.
Stock Symbol: MU
Market: NASDAQ
Website: micron.com
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