US Stock Market Move | The concept of storage is strengthening against the trend, SanDisk (SNDK.US) rose more than 6%.

On Monday, the concept of storage surged against the trend, with SanDisk (SNDK.US) rising by over 6%, Western Digital Corporation (WDC.US) rising by over 3%, Seagate Technology Holdings PLC (STX.US), Micron Technology, Inc. (MU.US) both rising by over 1%. On the news front, the Bank of America Global Research team stated in their latest storage industry tracking report that the storage industry is currently in a super cycle. The Middle East conflict has almost zero impact on the storage supply chain, due to the highly interconnected nature of the storage chip industry chain in Asia. The report suggests that demand for DRAM and NAND is still strong, far exceeding current capacity. The average operating profit margin of the DRAM industry is expected to easily exceed 60%, with NAND breaking through 30%. South Korea's semiconductor exports in February increased by 161% year-on-year, and the sales of Taiwan's Nanya Technology in February soared by 587% year-on-year, all confirming this assessment.