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Lam Research stock price jumps 7% as chip rebound returns — what investors watch next
Lam Research stock saw a 7% jump in midday trading, mirroring a broader rally in the semiconductor sector. This surge is attributed to expectations of increasing chip demand and positive developments within the company, including a new board member appointment and a planned COO transition. Investors are now closely watching the upcoming COO change on March 6 and the dividend record date of March 4, as well as future updates for clearer demand figures.