Lumentum rose 8.4% before the U.S. market opened Wednesday, leading a broad group of AI hardware companies higher in an early snapshot that also showed gains at major chipmakers.
At 4:15 a.m. ET (09:15 UTC), Nvidia was up 3.6%, while Advanced Micro Devices and Micron Technology each advanced 5.2%. Taiwan Semiconductor Manufacturing Co. rose 4.3%, and Broadcom gained 3.6%.
Sandisk rose 6.6%, with Marvell Technology up 6.5% and Oracle 5%. Among equipment makers, Lam Research climbed 5.4%, Applied Materials 5% and ASML 3.7%. The increases reached chip designers, memory producers, manufacturers and equipment suppliers.
The move followed Nov. 5 losses in AI-linked shares. AP reported Nvidia fell 6.3% and Advanced Micro Devices fell 13.1% in its morning report. A separate AP snapshot at 10:10 a.m. ET that day showed the Nasdaq Composite down 3.6%.
