U.S. policies aim to strengthen domestic chip production.Unlock access to InvestingPro’s AI-selected stock winners for under $9 a month!Semiconductor chips are crucial for developing generative AI platforms, as they provide the necessary processing power.
By doing so, the U.S. hopes to meet domestic demand and reduce its dependence on markets like Taiwan and South Korea. Ongoing technological disputes with China also motivate these efforts to bolster local chip manufacturing. . Over the last decade, the company has grown its revenue and earnings at CAGRs of 12.46% and 19.73%, respectively. It will announce its next financial results on January 27, with EPS expected to rise by 5.18%.As a vital player in the semiconductor supply chain, Lam Research is well-positioned to outperform the market as demand for chips in the automotive and industrial technology sectors increases.
Over the last 15 quarters, AMD has exceeded EPS forecasts 13 times and holds a cash balance of $4.1 billion.
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