---
title: "Lam Research vs. Applied Materials: Who actually helps ASML share prices rise higher?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299039972.md"
description: "Lam Research and Applied Materials reported strong Q4 earnings driven by AI capex, but Lam is positioned as a tighter proxy for ASML's EUV cycle due to its focus on etch and deposition technologies that scale directly with advanced patterning. While Applied offers diversification and a lower P/E, Lam's concentrated roadmap aligns more closely with ASML's high-margin growth, making it the preferred choice for investors seeking maximum beta exposure to the next generation of semiconductor nodes."
datetime: "2026-09-15T11:08:09.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299039972.md)
  - [en](https://longbridge.com/en/news/299039972.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299039972.md)
generator: "portal-rs"
---

# Lam Research vs. Applied Materials: Who actually helps ASML share prices rise higher?

Quick ReadLam's etch tools scale one-for-one with every EUV patterning layer ASML ships, making LRCX the cleanest proxy for ASML's high-margin cycle.Applied Materials trades at a friendlier 39 P/E with a $12.8B buyback and expects advanced packaging revenue to grow more than 70% in 2026.Lam sees a $40B NAND upgrade wave before 2027 as customers mov...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**