US Stock Market Move | Storage concept stocks fell across the board. Micron Technology, Inc. (MU.US) declined by more than 4%.

On Friday, storage concept stocks fell across the board, with SanDisk (SNDK.US) falling more than 7%, Western Digital Corporation (WDC.US) falling 6%, Micron Technology, Inc. (MU.US) falling more than 4%, and Seagate Technology Holdings PLC (STX.US) falling nearly 4%. Micron Technology, Inc. expects its capital expenditure for the 2026 fiscal year to exceed $25 billion, higher than the market's previous expectation of $22.4 billion, and anticipates further significant increases in expenditure by the 2027 fiscal year, especially with additional investments of over $10 billion in wafer fab construction. The high intensity capital expenditure plan has made investors more cautious. In addition, there is still some uncertainty in the market regarding Micron's long-term growth. As a core provider of AI computing power, NVIDIA Corporation's choice of HBM suppliers in future products will have a significant impact on Micron. If NVIDIA reduces its reliance on Micron's products in future architectures, it may have a negative impact on the company.