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The global semiconductor industry is undergoing a transformation, driven by advances in artificial intelligence (AI), the Internet of Things (IoT), and 5G technologies. While the big chip giants like Nvidia (NVDA) and Advanced Micro Devices (AMD) are gaining all the spotlight, some companies flying under the radar are playing an equally important role in this industry.
One such company is Lam Research (LRCX), which provides critical wafer fabrication equipment and services that enable the production of nearly every advanced chip in use today. The company went through a 1-for-10 stock split last year to make its shares more accessible to investors. Valued at $104.4 billion, Lam Research’s stock has gained 6.4% in the year-to-date, compared to the S&P 500 Index’s ($SPX) dip of 0.12%.
