Semiconductor Futures Surge as LRCX Jumps 7.65% on Strong Earnings and Guidance

Pre-market gains led by LRCX rising 7.65% after beating expectations with $8.5B revenue forecast. WDC and SanDisk also up over 4%, signaling sector strength.

Woofun AI data shows that U.S. stock pre-market trading on July 30 featured significant gains in the semiconductor and storage sectors. Lam Research Corporation (LRCX) led the rally, rising 7.65% after releasing financial results that exceeded expectations, including a peak revenue projection of $8.5 billion for the next quarter.

Other notable movers included Western Digital Corporation (WDC) up 4.01%, SanDisk (SNDK) up 4.33%, Seagate Technology (STX) up 3.74%, and Advanced Micro Devices (AMD) up 3.55%. Intel Corporation (INTC) rose 2.26%, Micron Technology (MU) increased 2.45%, NVIDIA (NVDA) gained 1.77%, and SK Hynix ADR climbed 1.8%.