Jim Cramer Recommends Lam Research and Others

Lam Research Corporation (NASDAQ:LRCX) is one of the stocks highlighted as Jim Cramer responded to questions from Harvard Business School students. When a student asked which sector Cramer would bet on if he were an HBS student presently, he remarked:

“Right now, I know this is going to be really, I, it’s going to be boring, but I would still go with storage. That’s the problem… we just don’t have enough storage, so anybody who has it, because that, I’m talking about storage type derivative, like Lam Research, like KLA, like Applied Materials.”

Lam Research Corporation (NASDAQ:LRCX) designs and manufactures semiconductor processing equipment used in chip fabrication. A caller asked Cramer about the stock during the lightning round of September 15, and Cramer responded:

“Yeah, someone downgraded Lam Research the other day, and I said, are you out of your mind? That’s the chief intellectual property of semiconductor capital equipment. I think it is still a buy even though it just had this parabolic move, up 65%. Do not sell it. Be a buyer.”

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