Lam Research (LRCX) is a supplier of wafer fabrication equipment and related services to the semiconductor industry. George Tsilis discusses LRCX as Deutsche Bank upgraded LRCX to buy from hold. The analyst notes that they see some risks to memory wafer fab equipment in the near term, but expectations are already low enough, so LRCX is poised for a long-term rebound in 2024. George then demonstrates an example trade using LRCX. The trade type is a put vertical and the direction is neutral to bullish. Tune in to find out more about the stock market today.