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Lam Research (NASDAQ: LRCX) shares are rebounding sharply, rising nearly 3%, as semiconductor stocks stage a broad recovery following last week's steep sector sell-off that pushed the Philadelphia Semiconductor Index more than 20% below its June peak.
Lam Research (NASDAQ: LRCX) recently beat Q1 estimates with EPS of $1.47, versus $1.36 expected, on revenue of $5.84 billion, up 23.8% year over year.
Astera Labs (NASDAQ: ALAB) shares are rising, outperforming the broader semiconductor sector as chip stocks stage a broad bounce following last week's sharp sell-off.
Palantir Technologies (NYSE: PLTR) shares edged modestly higher, bucking broader software sector headwinds as investors continue to assess the company's positioning amid a tech rotation.
Intel (NASDAQ: INTC) shares are bouncing back alongside broad semiconductor peers, up approximately 4%, rallying as investors rotate back into chip stocks ahead of the company's pivotal Q2 earnings report due Thursday after the close.
Intel (NASDAQ: INTC) investors are weighing the company's expanded Google Cloud partnership for AI-powered chip design against ongoing concerns tied to its foundry turnaround.
SK Hynix (KRX: 000660) shares are advancing up approximately 4% amid a broader semiconductor sector attempting to stabilize after a punishing week-long selloff, with the Philadelphia Semiconductor Index down roughly 20% from its June peak.
ON Semiconductor (NASDAQ: ON) is trading higher, up 3%, drawing attention today after announcing a $7 billion all-stock acquisition of Synaptics.
ON Semiconductor (NASDAQ: ON) retained a Wells Fargo Overweight rating even as the firm trimmed its price target from $140 to $130.
Semtech (NASDAQ: SMTC) shares are rallying sharply, up approximately 4%, bucking a challenging backdrop for the broader semiconductor sector, which has shed roughly 20% from its June peak amid concerns over AI capex sustainability and geopolitical tensions tied to the U.S.-Iran conflict.
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