i'm starting to feel pretty sanguine about the industry thanks to what we've been hearing from lam researchte last month, lam reported excellent quarter with strong guidance, which sent the stock up more than 7% single day. then today, right here in new york, the company held an investor day. it rolled out some impressive long term financial targets, made some major technology announcements. thanks to these moves. the stock's now up more than 20% year to date. can it keep running? let's dig deeper with someone who is just really, really knows this industry better than maybe everyone. it's tim archer. he's the president ceo of lam research. mr. archer, welcome back to mad money. >> great. thanks, jim. it's great to be here. >> okay. >> i have to admit. >> jim, i'm a big fan of the show. oh. thank you. and i. >> have to. >> say, i love it when. >> people call in and. >> ask about lam research on the lightning round. >> well, you know, i always say i love it. and a lot of that's because i love the bell was before you and you worked there for, what, 18 years? >> i was. >> 30, 30 years between n

lauren is looking at the movers and start with lam research. they supply the tools to make the chips at least six brokerages are increasing their price target, susquehanna upgrades them going to $125 and that's a 43% upside from here, they see a major memory chip upgrade opportunity coming. stuart: nxb. lauren: citi goes to a buy, they see a recovery imminent in the analog market for consumers think a.i. devices this does not include auto. as the market falls they are giving up their gains that stock was up 2%. stuart: now it's up .19%. birkenstock, favorite company, down 5%. lauren: the sandals, they maintain, they don't increase, their full year revenue and margin forecast. they are a german company, meaning all of their manufacturing is outside of the united states. the ceo, despite great holiday sales, is flagging uncertainty over reciprocal tariffs. stuart: you don't wear birkenstocks on a farm. remember that, please. still ahead, shock to the senate. trump has endorsed the house republicans budget proposal which includes a tax cut extensi

applied materials globalfoundries on semiconductor and lam research rounding out the bottom five. also want to look at the us and india reaching a new trade agreement during the indian prime minister's visit. and right now we're going to take a look at some of the countries, the etfs representing the countries that are involved in the active tariff discussions right now, the indian etf, the india moving about 1% lower, the chinese etf, the mci moving over 3% higher upside moves for the canadian and mexican etfs as well. and a quick check of the bond market yields moving lower on that tariff. news. the benchmark right now coming in at 4.52. it actually hit over 4.6 yesterday. moving a few basis points lower on that news again sitting right now at 4.52. all right. that is your setup. now we want to turn to president trump and his announcement of reciprocal tariffs. the president telling his economic team to craft a plan for tariffs on every country that taxes u.s. imports, raising the risk of global of a global trade war with allies and adversaries alike. more details are not expect

, however, but two different rivals looking to get a piece of the company ppe holdings, micron lam researchnding out your top five. the other side of the coin, the laggards on the nasdaq 100 this morning. we're seeing some other names cintas micro strategy or just strategy now, datadog, gilead sciences and palo alto networks down about a half a percent. this is the bottom five. we're going to be talking more about this stock later in the show. a little teaser to what's coming up. also, a quick check of on some of the etfs that are tracking countries, an active tariff, discussions with the us. you can see these names lower, at least three of them that china, india and canada. etfs moving lower. the china and canada ones down about three quarters of 1%. the indian one fractionally lower. no movement in the mexican one. all of them except for the indian. the d i n d a are actually higher over the last week. and a quick check of treasuries bond yields moving lower following a spike after a hotter than expected cpi read last week. taking a look. the benchmark coming in at 4.5, falling about ten

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they're not exactly nvidia, but look at nxp, look at lam research. you're starting to get some technical improvement on the back of not bad earnings reports. the space still looks pretty good. and again, as long as that ai story remains intact, which it appears to for now, then the space should probably be supported. in general. >> what's your take on tech. >> preference for software over hardware? >> but we are. >> bullish on the sector. i think as you think about the way that the ai trade is evolving with these new, more efficient models, we really want to be leaning into those beneficiaries of increased adoption and applications of the technology. and software to us, is really the place to do that, both in public markets. but we also shouldn't ignore those private market opportunities. >> i want to add someone made this analogy. i don't remember who, but it was really good. if you think of the freezer being invented or refrigeration way back when you could have invested in ge or whoever was making the refrigerator. but the ultimate beneficiaries w

it's lam research of course celebrating its 45th. jim, you talked to tim last night. >> on that stock. tim archer so great. both kla and lam are the intellectual property geniuses behind a lot of what we do. they have this this an engineering powerhouse. every time. i was very close to novellus when they were bought by lam. archer's a novella. guy the lamb. guys i like, but the novellus guys were brilliant. he's brilliant. huge number of the of losses in china. 2 billion was taken away. yet they still blew away the numbers. how many companies can lose 2 billion in in revs to china and yet still do incredibly well. what a company. >> are you serious about your by apple on china kind of. >> i. >> think developing thesis. >> i think it explains it's the i know that b of a has a note today. are they going to cannibalize. and i did the specs on this thing and i really quite. >> you mean. >> the 16 e. >> yeah i mean i went back and forth with apple saying why not buy it. and it is a great bargain for people who are not necessarily the most

lam. >> research tomorrow. >> these are the. >> core intellectual. >> property of semis is in. that jensen has. and the actual. intellectual property. >> of companies like like lam. >> we should point out shares of nvidia. there's lam shares of nvidia are up 2.5%. >> all right. now comes. >> the time in the show when we talk musk. by the way i have been saying for a year now we should have an hour every day. >> on musk. >> i think so, and even more so than ever. >> grok three. >> introduced overnight. >> yeah, the latest. >> the latest version of their obviously their ai chatbot. all of those age 100 that they bought and they put in work at memphis largest data center in the world as far as i'm aware of at this point, obviously you can. >> get. >> it on x as well, but it's xai also another funding round potentially this one i haven't confirmed on xai. others have reported a value as much as 75 billion. his $97 billion offer for the nonprofit arm of. >> openai. >> which controls the assets. that would give. controlling a control stake in openai, was turned down. right. we are goi