🔴 Lam Research is trading 3.75% down in pre-market after Brent crude surpassed $100 amid U.S.-Iran tensions

Lam Research is trading 3.75% down at $303.99 after a broad semiconductor-sector selloff and weaker risk appetite.

• SOXX is down 2.80% pre-market, while Nasdaq futures are under pressure as rising oil prices and Treasury yields revive inflation concerns.
• Brent crude surpassed $100 amid escalating U.S.-Iran tensions, pressuring global equities and technology stocks.
• Lam Research reported constructive AI-demand commentary at Citi’s conference; no negative company-specific catalyst was identified.