LYTE is trading at $24.55, up +3.06%, as technology stocks and chipmakers rebound in premarket trading after Monday’s sector-wide selloff.
- Nvidia edged higher after authorizing a record $150 billion share buyback.
- High oil prices and Treasury yields tied to U.S.-Iran tensions continue to weigh; the early move appears to reflect the sector rebound, not relief from broader macro risks.
- Investors are also watching the JOLTS report and AI developments.