Lam Research stock jumps 8% to start 2026 as chip-tool shares rally — what LRCX investors watch next
NEW YORK, January 3, 2026, 10:49 ET — Market closed Lam Research Corp shares closed up 8.1% on Friday at $185.06, finishing the first session of 2026 with one of the strongest large-cap moves in semiconductor equipment. The jump matters now because investors are repricing the 2026 outlook for chipmaking tools just as Washington’s China policy keeps shifting. Equipment demand can change quickly when trade rules change how easily tools move across borders. Lam sells wafer fabrication equipment — the machines that etch and deposit materials on silicon wafers to make chips. Orders for those tools typically follow customers’ capital-spending