US Stock Market Move | Storage sector upswing Micron Technology, Inc. (MU.US) rose more than 8%

On Friday, the storage sector rose, with Micron Technology, Inc. (MU.US) up over 8%, SanDisk (SNDK.US) up over 7%, Western Digital Corporation (WDC.US) up over 3%, and Seagate Technology Holdings PLC (STX.US) up over 2%. In terms of news, Goldman Sachs Group, Inc. recently raised its forecast for the price increase of DRAM memory chips from about 150% to 250%-280%, and for NAND prices from about 100% to 200%-250%. Goldman Sachs Group, Inc. believes this is not a typical inventory correction cycle, but rather a "super supply shortage cycle" caused by unprecedented demand surge driven by AI computational power, increasingly complex manufacturing and packaging processes of HBM, and insufficient elasticity in the supply of general DRAM/NAND.