US Stock Market Move | Storage concept stocks collectively rise, Micron Technology, Inc. (MU.US) up more than 5%
On Monday, storage concept stocks rose collectively.
On Monday, storage concept stocks collectively rose, with Micron Technology, Inc. (MU.US) up over 5%, breaking through $1000. SanDisk (SNDK.US), Western Digital Corporation (WDC.US), and Seagate Technology Holdings PLC (STX.US) all rose over 2%. In terms of news, TrendForce stated that the development of AI is shifting from large model training to Agentic AI applications with reasoning as the core, driving structural expansion of storage demand. Due to short-term supply gaps that cannot be filled, prices are rising. TrendForce significantly raised its global storage production value estimate, increasing the estimated value for 2026 to $889.3 billion, and for 2027 the estimate is raised from $842.7 billion to over $1.28 trillion, with an annual growth rate of approximately 44%.
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