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2 Chip Stocks With at Least 25% Upside

Matthew Johnston

While slightly lowering their price targets for Applied Materials Inc. ( AMAT) and Lam Research Corp. ( LRCX), Morgan Stanley analysts Joseph Moore and Craig Hettenbach are still overweight on the two chip-equipment makers and see at least 25% for both. Whether this is due to technical manufacturing issues or just Samsung looking to manage its supply in order to maintain higher prices, the result is the same—lower spending on WFE.