LYTE is trading at $25.86 (+3.79%), benefiting from a broad technology rebound after markets absorbed the Federal Reserve’s 25-basis-point rate hike, while easing bond-market pressure supports growth stocks.
- Nasdaq futures and semiconductor shares are leading the recovery, with renewed AI-demand optimism adding sector momentum.
- Tower Semiconductor shipment news, potential Nvidia-chip purchases, and Intel-SK Hynix manufacturing discussions are also supporting the sector.