🟢 Lam Research is trading 3.09% up in pre-market as Super Micro Computer revenue tops expectations

Lam Research is trading at $271.58, up 3.09%, as chip sentiment improved on Super Micro Computer’s preliminary revenue report.

• Super Micro Computer’s preliminary first-quarter revenue was $19 billion, above the $15 billion expected; the report was described as easing AI-stock concerns and lifting chip sentiment.
• Lam Research is scheduled to report fiscal first-quarter results after the market close on October 21. No results catalyst had been reported before the open, while Nasdaq futures were higher.