Why Lam Research Skyrocketed 37.8% in the First Half of 2021

Shares of semiconductor manufacturing equipment supplier Lam Research (NASDAQ: LRCX) rose 37.8% in the first half of 2021, according to data from S&P Global Market Intelligence. The semiconductor manufacturing equipment industry has consolidated over the past couple of decades as cyclicality took its toll, leaving only a few strong companies with the ability to make these advanced machines -- Lam being one of them.

Fortunately for those remaining companies, it appears as if we are in for a supercycle in semiconductors, as the growth trends in artificial intelligence, 5G communications, and more intelligent connected devices are all taking off at once. And all of these trends were only accelerated by the pandemic.

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Source Fool.com