Semiconductor Futures Surge as ARM Jumps 11% and Lam Research Rises 13%

U.S. pre-market semiconductor stocks rally sharply, led by ARM and Lam Research gains exceeding 10%, while storage sector names like SanDisk and Western Digital climb over 8%.

Woofun AI data shows that U.S. stock futures for the semiconductor and storage sectors extended gains in pre-market trading on July 30. ARM shares widened their advance to 11% after an earlier dip of nearly 8%. Lam Research Corporation (LRCX) surged over 13% following a post-market earnings release that exceeded expectations, with next-quarter revenue guidance reaching as high as $8.5 billion. NVIDIA (NVDA) rose by 2.1%, Intel (INTC) by 4.9%, and Advanced Micro Devices (AMD) by 5.8%. In the storage segment, Seagate Technology (STX) increased by 7.5%, Western Digital (WDC) by 8.3%, SanDisk (SNDK) by 8.6%, Micron Technology (MU) by 6.3%, and SK Hynix ADR by 5.3%.