LRCX
The recent semiconductor sell-off creates a massive buying opportunity as chip manufacturing equipment spending rockets to $250 billion by 2028.
3D DRAM shifts memory scaling from EUV lithography to HAR etch and ALD deposition, routing billions in capex to Lam Research's core tools
CXMT's 100B+ RMB profit reinvested as capex into domestic semiconductor equipment surges orders for memory-focused WFE makers like Lam Research
China etch import data down 18% YTD signals accelerating domestic substitution, cutting Lam Research's largest revenue geography
Long Lam Research vol as a hedge offset against the short Micron vol position — author expects LRCX options to expand.
LRCX long vol hedges the short-MU trade: if semis broadly rip, LRCX options provide explosive upside convexity
Lam Research vol is underpriced relative to Micron's; long vol position hedges the short-MU-event-vol leg
Lam Research named in TSMC CoPoS metallization supplier list; CoPoS ramp adds incremental WFE orders on top of existing CoWoS exposure
Lam Research wins first CoPoS demo line slot at TSMC, securing early-mover advantage in a new advanced packaging capex cycle
JPMorgan's raised WFE forecasts are bullish LRCX; it's the top chart performer at +63% and a direct etch/deposition beneficiary of AI fab expansion.
Semiconductor equipment makers get the tail-whip from TSMC's surging CapEx; still underappreciated.