LRCX is trading around $409 (5.1% up) in pre-market, extending a sharp rebound despite a softer broader market.
- The move follows a 5.3% gain in the previous regular session and is driven by continued strong AI-driven orders and a raised outlook for global wafer fabrication equipment (WFE) demand.
- Analysts maintain broadly positive ratings, with some recent price target raises.
- The gains come even as broader index futures point to a weaker open for the overall market.