Micron vs. Lam Research: Which Semiconductor Stock Is a Better Buy?

Key Takeaways Micron's AI-fueled growth is strong, but margin compression signals pressure from pricing and costs. Lam Research posted stronger Q3 margins, with the non-GAAP gross margin rising 150 bps to 49%. LRCX's stable margins and less exposure to memory pricing swings make it a stronger AI-era contender.Micron Technology (MU) and Lam Research (LRCX) are both big names in the semiconductor industry, but they operate in very different areas. Micron focuses on making memory chips like DRAM and NAND, wh ...