Memory and semiconductor stocks traded higher in pre-market trading. SanDisk Corp. rose more than 4%, while Western Digital and Seagate Technology PLC gained over 3%, Micron Technology advanced more than 2%, and SK hynix climbed nearly 2%.

Lam Research surged more than 8%, Applied Materials added nearly 5%, Marvell Technology, AMD, and ASML Holding NV gained over 3%, while TSMC and Intel rose more than 2%, and NVIDIA advanced nearly 2%.