Lam Research Poised to Benefit from Memory Chip Rebound with R&D Investments and Shareholder Payouts
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Memory chip market is rebounding after a steep downturn in 2022-2023.
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Lam Research provides equipment for making memory chips and has deep expertise. It remained profitable through the downturn.
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Lam is investing in R&D for next-gen manufacturing tech like 3D memory and backside power delivery. This will support growth.
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Lam returns lots of cash to shareholders through dividends and buybacks, often when share price is low.
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Lam is a top stock pick to play the memory market rebound given its strong business model and investments in future tech.