3 Reasons Lam Research Is a Must-Buy for Long-Term Investors

While the "Magnificent Seven" stocks often get a lion's share of attention in the tech world, semiconductor stocks outside Nvidia are often ignored by a lot of investors. And the semiconductor capital equipment ("semicap") stocks -- the makers of high-tech machines that produce semiconductors -- are ignored even more.This is despite the semicaps having some of the best businesses around. Today, semicap leader Lam Research (NASDAQ: LRCX) looks like an excellent buy for long-term investors, especially after the big pullback from its summer highs.Lam is one of just a handful of companies that produce advanced etch and deposition equipment for chip manufacturing. Deposition equipment lays down materials on a silicon wafer, and etch equipment strips that material away. Given that chips are now made with literally hundreds of billions of transistors on a single semiconductor, with transistors just five nanometers wide placed just a few nanometers apart, the process of precisely placing and removing semiconductor material has gotten incredibly complex. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool