Lam Research stock jumps after target hikes as chip rally hits full stride
New York, January 9, 2026, 17:01 EST — After-hours Lam Research Corp shares jumped 8.6% to $218.36 after the close on Friday, after Mizuho lifted its price target on the chip-equipment maker to $220 from $200. The stock ranged from about $202 to $219.42 in the session, with roughly 16.7 million shares changing hands. (TipRanks) The move tracked a sharp run in chip stocks, with the PHLX semiconductor index up 2.7% to a record high as a softer-than-expected U.S. jobs report did little to dent bets for Federal Reserve rate cuts this year. “Investors are getting granular and picking the