Lam Research (LRCX) Rose on AI Data Center and Memory Spending

1 month ago 17

Soumya Eswaran

Tue, July 28, 2026 astatine 8:57 AM CDT 3 min read

Columbia Threadneedle Investments, an concern absorption company, released its "Columbia Seligman Global Technology Fund" 2nd 4th 2026 capitalist letter. A transcript of the missive tin beryllium downloaded here. During the quarter, the Fund's Institutional Class shares returned 50.34%, outperforming the MSCI World Information Technology Index's 33.65% gain. Stock enactment successful semiconductors, exertion hardware and software, unneurotic with an off-benchmark electrical instrumentality allocation, supported comparative performance, portion vulnerability to financials, user discretionary and healthcare detracted. Technology stocks rallied arsenic concerns implicit the Iran struggle eased and AI infrastructure spending boosted request for semiconductors, memory, networking, servers and powerfulness solutions. The Fund expects AI and data-centre concern to stay strong, supported by broadening net maturation and improving bundle bookings, unreality depletion and lawsuit spending. However, geopolitical uncertainty, higher involvement rates and dense AI concern could unit valuations and escaped currency flow. The strategy holds 50–75 exertion companies crossed marketplace capitalisations and uses bottom-up GARP probe to place misunderstood and undervalued businesses successful the exertion industry. In addition, delight cheque the Fund's apical 5 holdings to cognize its champion picks successful 2026.

In its second-quarter 2026 capitalist letter, Columbia Seligman Global Technology Fund highlighted Lam Research Corporation (NASDAQ:LRCX). Lam Research Corporation (NASDAQ:LRCX) designs, manufactures, markets, refurbishes, and services semiconductor processing instrumentality utilized successful the fabrication of integrated circuits. On July 27, 2026, Lam Research Corporation (NASDAQ:LRCX) closed astatine $291.61 per share. One-month instrumentality of Lam Research Corporation (NASDAQ:LRCX) was -32.70% and its shares gained 194.73% implicit the past 52 weeks. Lam Research Corporation (NASDAQ:LRCX) has a marketplace capitalization of $364.68 cardinal with a 52-week trading scope betwixt $90.94 – $438.50.

Columbia Seligman Global Technology Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q2 2026 capitalist letter:

"Lam Research Corporation (NASDAQ:LRCX) was 1 of the largest positions successful the money during the quarter. The banal appreciated arsenic investors became progressively optimistic that AI-driven data-center spending would prolong robust request for precocious semiconductor manufacturing equipment, portion representation customers accelerated investments successful high-bandwidth representation and dynamic random-access representation (DRAM) capacity. Lam banal also benefited from improving semiconductor-industry fundamentals, beardown earnings execution and increasing assurance that leading-edge logic and representation superior expenditures would stay elevated done 2026, supporting Lam's gross and borderline outlook."

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