The Memory Crunch Is Bigger Than Expected. 1 Top Stock to Buy on the Dip (Hint: Not Micron or Sandisk)

• Memory prices surged 500% due to AI demand outstripping supply. • Lam Research benefits as 46% of revenue comes from memory equipment. • Analysts see 93% upside potential for LRCX over four years. AI-driven demand has pushed DRAM and NAND prices up 500% in a year, with further 4x increases expected in 2026. Memory supply won't ease until 2029-2030. Lam Research (LRCX) earns 46% of revenue from memory equipment, positioning it to benefit from surging memory capex. The company posted 26% revenue and 39% EPS growth in fiscal 2026 and projects 52% revenue growth next quarter. Analysts forecast 62% EPS growth in fiscal 2027. Trading 30% below its 52-week high, Lam offers investors a potential 93% gain over four years if earnings grow 27% annually and the stock trades at 30x earnings.