Lam Research Corporation (NASDAQ:LRCX) shares are trading higher by 6.35% to $909.14 Wednesday afternoon. Shares of several semiconductor and chip-related stocks are trading higher in sympathy with Advanced Micro Devices, Inc. (NASDAQ:AMD), which rose after reporting strong second-quarter earnings.

Some stocks in the sector may also be up amid reports of a new Biden administration rule on foreign chip equipment exports to China, which could exempt Japan, the Netherlands and South Korea.

Why This Matters

When a major player like AMD performs well, it often generates positive sentiment across the entire semiconductor and chip-related sector. Investors might anticipate that other companies in the sector, such as Lam Research, will also benefit from the same favorable market conditions, technological advancements or increased demand for semiconductor products.

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There are also reports of a new Biden administration rule that could impact exports of chip-making equipment to China. Specifically, the rule might exempt Japan, the Netherlands and South Korea from certain restrictions. This exemption could mean that companies in these countries can continue to supply advanced chip-making equipment to semiconductor manufacturers like Lam Research without facing the same export hurdles.

How To Buy LRCX Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Lam Research's case, it is in the Information Technology sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.