Lam Research Stock Soars 5% in Response to CES 2026 AI Breakthroughs, Igniting Chip Equipment Rally

On January 5, 2026, Lam Research (LRCX) experienced a significant 5.3% increase, closing at $194.76, with steady after-hours trading. This surge reflects broader momentum among semiconductor equipment makers, including Applied Materials, KLA, and ASML, all rising over 5%. Investors are closely monitoring CES announcements and anticipating Lam’s upcoming earnings report scheduled for January 28. The strong performance of chip-equipment manufacturers suggests growing demand, particularly for advanced manufacturing tools amid the AI boom. Notably, Nvidia’s unveiling of its “Vera Rubin” platform at CES heightened interest in AI-driven technology. Additionally, Foxconn reported a record revenue surge of 22.07% year-on-year, underscoring the demand for AI products. Industry analysts highlight that the data center build-out is still not fully reflected in stock prices. With upcoming earnings, traders will assess management’s views on 2026 spending and order momentum, while watching potential catalysts like AMD’s CES keynote.

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