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Lam Research Corporation (NASDAQ:LRCX) was one of the stocks on Jim Cramer’s recent Mad Money game plan. Cramer said that Wednesday’s “strongest quarter” could be from the company, as he said:

Perhaps the strongest quarter of the day will be from Lam Research, which builds the machines, semiconductor capital equipment that are needed for memory chip makers. Could be explosive. We want to listen to that. By the way, if too many machines were bought, it might spell some, a bit of a downturn for Seagate, Western Digital, or maybe Sandisk.

Photo by Yiorgos Ntrahas on Unsplash

Lam Research Corporation (NASDAQ:LRCX) develops equipment for depositing, etching, and cleaning semiconductor materials. It includes systems for tungsten and copper metallization, plasma and atomic-layer deposition, dielectric and conductor etch, and wafer cleaning. When a caller asked about the stock during March 20’s episode, Cramer said:

Oh yeah, yeah, yeah, yeah. I agree. Lam is the winner of what happened in Micron. People didn’t seem to notice. You buy, if you had to buy 100 shares, you buy 50 on Monday, okay? And then you wait, down 10%, and you buy another 50. You’ve got a winner in Lam Research.

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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