Lam Research stock today: LRCX jumps 8% on Citi list as chip-equipment rally builds
Lam Research shares jumped 8.1% to $185.06 Friday after being added to Citi’s Large Cap Recommended list for 2026, trading as high as $185.78. ASML rose 8.7%, while Applied Materials and KLA each gained nearly 5%. The move came on heavy volume, with Lam’s session low at $177.50 now seen as support. Investors await ISM manufacturing data Jan. 5 and Lam’s dividend Jan. 7.