Vltava Fund Sold Lam Research Due (LRCX) to Overvaluation

Vltava Fund Sold Lam Research Due (LRCX) to Overvaluation Soumya Eswaran Fri, July 3, 2026 at 9:03 PM GMT+7 3 min read LRCX Vltava Fund, a value-focused investment management company, published its investor letter for the second quarter of 2026. A copy of the letter can be downloaded here. The letter explores the growing role of AI and how certain facets of human intelligence may become less valuable economically, while other skills become more important. The author emphasizes that despite AI's expanding capabilities in information collection and basic modeling, qualities like sound judgment, good taste, patience, original thinking, strategic skepticism, and the ability to recognize significance will continue to hold their value. Despite the excitement around A.I., fundamental investment principles remain unchanged. Please review the Fund's top five holdings to gain insights into their key selections for 2026.

In its second-quarter 2026 investor letter, Vltava Fund highlighted Lam Research Corporation (NASDAQ:LRCX). Lam Research Corporation (NASDAQ:LRCX) is a leading semiconductor equipment company that supplies semiconductor processing equipment for the fabrication of integrated circuits. On July 2, 2026, Lam Research Corporation (NASDAQ:LRCX) closed at $351.41 per share. One-month return of Lam Research Corporation (NASDAQ:LRCX) was 15.87%, and its shares gained 255.64% over the past 52 weeks. Lam Research Corporation (NASDAQ:LRCX) has a market capitalization of $439.46 billion.

Vltava Fund stated the following regarding Lam Research Corporation (NASDAQ:LRCX) in its Q2 2026 investor letter: