Key Points Lam Research and Applied Materials manufacture semiconductor manufacturing equipment, and their growth rates have accelerated as a result. Both stocks are trading at attractive valuations following the recent slide in their stock prices. A closer look at their prospects and valuations suggests that investors can still add these stocks to their portfolios in anticipation of more gains. 10 stocks we like better than Applied Materials › Semiconductor equipment demand has boomed in recent years, driven by the strong demand for artificial intelligence (AI) chips, which explains why shares of Lam Research (NASDAQ: LRCX) and Applied Materials (NASDAQ: AMAT) have been in fine form this year.
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