Stifel Maintains Buy on Lam Research (LAM) Amid Growing eSSD and NAND Market Demand

Lam Research Corporation (NASDAQ:LRCX) ranks among the best fast growth stocks to buy now. Lam Research Corporation (NASDAQ:LRCX) maintained its Buy rating at Stifel on September 9 as the firm issued an updated report on the Americas Semiconductors, Processors, and Components sector.

Stifel noted that hyperscaler estimates are improving, which may improve Lam Research’s position in the memory industry. The firm particularly added that “increased eSSD appetite/outlook should accelerate upgrade to QLC/higher-layer count NAND, which is right in Lam’s wheelhouse.”

When it comes to recent export control worries, Stifel predicted that they would have little immediate impact on memory supply conditions, despite expectations that supplies might tighten due to Korean companies’ NAND and DRAM operations in China.

Lam Research Corporation (NASDAQ:LRCX) is a leading technology company that specializes in semiconductor manufacturing equipment and services, which provide the foundation for powering artificial intelligence.

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