This Memory Stock Has Doubled in 2026. Here's Why It Can Skyrocket Higher (Hint: It's Not Micron or Sandisk)

Lam Research, a semiconductor equipment supplier, has nearly doubled in 2026 due to surging demand for memory manufacturing equipment driven by AI data centers. With major memory manufacturers significantly increasing capital expenditures to address supply shortages expected to persist until 2030, Lam Research is positioned for sustained growth despite its elevated valuation multiple of 49x forward earnings.