Semiconductor and storage stocks rise in pre-market trading, LRCX surges over 7%

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Semiconductor and storage stocks rose in pre-market trading as the Fear & Greed Index showed early signs of shifting toward optimism. Lam Research (LRCX) surged 7.65% after exceeding earnings and revenue forecasts, with guidance projecting up to $8.5 billion in next-quarter revenue. NVIDIA (NVDA), Intel (INTC), AMD, Seagate (STX), Western Digital (WDC), SanDisk (SNDK), Micron (MU), and SK Hynix ADR all gained between 1.77% and 4.33%. The digital asset market remains closely monitored for broader shifts in market sentiment.

ChainThink reports that, as of July 30, according to BIT market data, the semiconductor and memory sectors rose in pre-market trading.

Lam Research (LRCX) rose 7.65% after reporting better-than-expected earnings and guidance following yesterday’s after-hours release, with projected revenue of up to $8.5 billion for the next quarter.

Among other individual stocks, NVIDIA (NVDA) rose 1.77%, Intel (INTC) increased 2.26%, AMD (AMD) gained 3.55%, and Seagate Technology (STX) climbed 3.74%.

Western Digital (WDC) rose 4.01%, SanDisk (SNDK) rose 4.33%, Micron Technology (MU) rose 2.45%, and SK Hynix ADR rose 1.8%.

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