According to BIT (bit.com) market data, the semiconductor and storage sectors rose in pre-market trading for U.S. stocks. Lam Research (LRCX) rose 7.65% after reporting stronger-than-expected earnings and guidance yesterday after hours, projecting revenue of up to $8.5 billion next quarter. NVIDIA (NVDA) rose 1.77%, Intel (INTC) rose 2.26%, AMD (AMD) rose 3.55%, Seagate Technology (STX) rose 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%.
Semiconductor and storage stocks rise in pre-market trading, with Lam Research surging 7.65%.
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Summary
Market trends show semiconductor and storage stocks rising in pre-market trading, led by Lam Research (LRCX) surging 7.65% after surpassing earnings and guidance expectations in its post-market report, with next-quarter revenue projected to reach up to $8.5 billion. NVIDIA (NVDA) rose 1.77%, Intel (INTC) 2.26%, AMD 3.55%, Seagate (STX) 3.74%, Western Digital (WDC) 4.01%, SanDisk (SNDK) 4.33%, Micron (MU) 2.45%, and SK Hynix ADR 1.8%. This market update reflects broad strength across the sector.
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