LRCX is trading 5.8% up now at $396.46 as investors pile back into semiconductor names following Micron’s much-stronger-than-expected earnings and guidance, which revived confidence in AI and memory demand.
- The move reflects a broader rebound in chip stocks after recent volatility tied to the global AI tech sell-off.
- Traders are rotating back into equipment suppliers like Lam Research alongside the sector-wide rally led by Micron.