LRCX - Lam Research Corporation

Up 8% in overnight markets after being entered into the S&P 500 on Friday night.

Nour used the proceeds from selling OXY to buy Lam Research, which doubled in 2025. He expresses satisfaction with this move and cites it as an example of redeploying capital into better opportunities.

Kristophe sold almost his entire position in Lam Research after it doubled/tripled in 2025. He reduced exposure because he doesn't like the capex supercycle and believes semis may be in a bubble. He retains only a tiny residual position.

Tepper trimmed Lam Research slightly, likely reallocating to other chip names like SanDisk.

Tepper trimmed Lam Research slightly, likely reallocating to other chip names like SanDisk.

Tepper trimmed a little bit of Lam Research, likely reallocating to other chip names like SanDisk.

Was a large position that tripled in 2025. Now trimmed to 3% of portfolio as valuation is expensive. Will continue trimming as it goes up to fund other opportunities. Stock at all-time highs.

Host calls Lending Club earnings mixed — strong loan pricing and demand, but guidance was effectively a downgrade because they outperformed Q1 but didn't raise full year guidance. No rate cuts expected now hurts their net interest margins.

Nour owns it but is trimming because it has become too expensive. Stock more than doubled in 2025, reaching up to 10% of his portfolio. Now at highest valuation ever with P/E above 40.

Lam Research beat EPS by ~8%, revenue by 1%, with EPS up 41% YoY and revenue up 24% YoY. Q4 guidance was strong with gross margins expected to reach 50.5%. Stock up ~5% after hours. Hosts view this as a strong result.