Citi's Timothy Arcuri, who thinks AMAT's low order rate reflects an unsustainably low level of...

|By:, SA News Editor

Citi's Timothy Arcuri, who thinks AMAT's low order rate reflects an unsustainably low level of chip industry capex, believes spending on chip equipment may soon begin to rebound, given positive datapoints from major buyers. Acruri sees Lam Research (LRCX +4%) as well-positioned to benefit, partly due to its exposure to memory and foundry spending.