LRCX is trading at $387.85 (3.5% down) in pre-market, pulling back as semiconductor stocks face renewed pressure following a recent AI-driven rally.
- The decline follows a sharp rebound in the previous session tied to Micron’s strong earnings, with investors now engaging in profit-taking across high-growth chip names.
- Broader market sentiment is weighing on the stock, as Nasdaq futures remain under pressure amid a shift toward risk-off sentiment in the technology sector.