Lam Research (LRCX)

[stargazer123]

Lam Research reached $344 one month ago

Now we are at $194, but that is just temporary and due to the coronavirus shutting down the company's facilities:

https://stockhouse.com/news/press-releases/2020/03/17/lam-research-corporation-provides-business-update-for-the-fiscal-quarter-ending

The coronavirus may run its course faster than most people expect. It has already peaked, and is receding, in the countries that were first effected. Plus now the combination hydroxychloroquine—a drug used to treat malaria, and azithromycin—an antibiotic that is known to be effective against complications from bacterial lung disease, has been shown to be very effective against the effects brought on by the coronavirus.

It may take 6 to 9 months for LRCX to to get back to its regular production schedule, but after that its price should start a sustained rise and eventually pass its recent high.