Jim Cramer Says Sell Lam Research Corporation (LRCX) Only If You Know When To Get Back In

We recently published 8 Stocks Jim Cramer Discussed As He Dismissed Value Stocks. Lam Research Corporation (NASDAQ:LRCX) is one of the stocks Jim Cramer recently discussed.

Lam Research Corporation (NASDAQ:LRCX)’s shares have gained 34% year-to-date primarily due to bullishness in the semiconductor industry driven by AI. It is one of the few firms in the world capable of manufacturing equipment used in chip production. Lam Research Corporation (NASDAQ:LRCX)’s products also place it at the center of the trade tensions between the US and China. Cramer’s previous thoughts about the firm have praised the firm’s business and advised viewers to stick with the firm after its quarterly report in July, which saw the stock drop by 4% the next day. This time, Cramer shared that whether one decides to sell Lam Research Corporation (NASDAQ:LRCX)’s shares depends on whether you can determine when to get back in the stock:

“Look I can make the same case for when do you get back into Lam Research? Which is a really good company.”

Here’s what Cramer said about Lam Research Corporation (NASDAQ:LRCX) after its earnings:

“Lam Research had a great quarter. Don’t believe anything else. I mean, I know the stock’s rolling over because the chart’s bad. I really liked it. I thought that Tim Archer did a terrific job. Let it come in and then do some buying.”

While we acknowledge the potential of LRCX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.