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Lumentum Holdings (NASDAQ: LITE) is surging up approximately 8%, buoyed by a Barclays upgrade to Overweight with a $1,000 price target and Citi's designation of the stock as a top buy-rated pick in communications equipment.
Alphabet (NASDAQ: GOOGL) is reportedly developing a new "Frozen" AI chip intended to run its AI models more efficiently, according to the disclosed information.
Alphabet (NASDAQ: GOOGL) shares are rallying up approximately 3% ahead of its highly anticipated Q2 earnings report due July 22, outperforming both the broader S&P 500 and the Communication Services sector (XLC).
Apple (NASDAQ: AAPL) shares are declining, pulling back from record highs near $335 as the broader tech sector faces renewed selling pressure driven by escalating U.S.-Iran tensions pushing oil above $90 and lingering semiconductor sector weakness.
Navitas Semiconductor (NASDAQ: NVTS) is surging up 4%, rebounding sharply after last week's broader chip sector selloff, which saw the Philadelphia Semiconductor Index tumble roughly 10% and enter bear market territory.
GE Vernova (NYSE: GEV) shares are rallying strongly, up approximately 3%, ahead of its Q2 2026 earnings report due before the open on July 22, building on exceptional Q1 momentum.
ASML Holding (NASDAQ: ASML) is edging higher today, bouncing alongside a broader chip sector recovery after last week's sharp semiconductor sell-off, even as the Philadelphia Semiconductor Index remains over 20% below its June peak.
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.
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