LYTE is trading at $24.57 (+3.80%), supported by renewed enthusiasm for AI-related semiconductor demand, memory, and advanced-packaging equipment.
- Memory-chip and optical-communications stocks rallied overnight: SK hynix rose 6%, while Micron and SanDisk gained 4%; several networking names also moved higher.
- Applied Materials was specifically cited as rising on the broader AI-semiconductor rally, partially offsetting rate-hike concerns from strong August employment data despite weaker U.S. index futures.