Lam Research is trading 8.6% up at $5.95 as the semiconductor sector rallies on positive AI demand signals and broader market optimism.
- The stock is continuing its rebound after experiencing a sharp pullback following its recent earnings announcement.
- The advance is driven by sector-wide momentum and upbeat chip earnings rather than any company-specific news today.
- Broader risk-on sentiment in U.S. equities is further supporting the upward move.