🔴 LRCX is trading 8.03% down today as tech stocks sell off following a sharp post-earnings rally

LRCX is trading 8.03% down at $376.67 as the stock reverses its recent AI-driven gains amid a broader technology sector sell-off.

• The decline follows a strong June 22 session where shares closed at $409.54, fueled by upbeat earnings and a positive outlook for AI-related wafer-fab equipment demand.
• Broader market sentiment is weighing on the stock, with the NASDAQ Composite dropping 2.34% as investors pivot away from high-growth tech names.
• The move appears to be a combination of profit-taking after a significant rally and a wider risk-off sentiment across the semiconductor industry.