Barometer Capital Management Inc. on Lam Research Corporation
Thesis
Lam Research provides Barometer with exposure to the memory-semiconductor upcycle through the equipment used to manufacture memory chips. Memory producers are increasing capacity to meet demand for the high-bandwidth memory required by AI accelerators. That capacity expansion is strengthening orders for Lam's etch and deposition tools.
“orders for Lam's etch and deposition tools strengthened.”