US Stock Market Move | Storage sector under pressure, SanDisk (SNDK.US) drops more than 7%.

On Friday, the storage sector continued its previous day's decline, with all stocks under pressure. SanDisk (SNDK.US) and Western Digital Corporation (WDC.US) fell by over 7%, Micron Technology, Inc. (MU.US) fell by over 6%, and Seagate Technology Holdings PLC (STX.US) fell by over 5%. The core trigger for this round of storage stock sell-off came from Broadcom Inc.'s latest financial report. On June 4th local time, Broadcom Inc. failed to raise its AI chip sales guidance for the 2026 fiscal year, causing market expectations that had previously pushed chip stocks to a high level to fall short. Broadcom Inc. plummeted over 12% in a single day, rapidly spreading the selling pressure to the entire semiconductor sector, with storage concept stocks being hit the hardest. Furthermore, the consecutive two days of selling indicate that in the context of high valuations for AI concept stocks, the market has become significantly more sensitive to AI-related performance guidance, with any "below expectations" signals potentially triggering profit-taking. In terms of fund rotation, the Dow rose by 1.73% on June 4th, setting a new historical high against the trend, with healthcare, finance, and other previously lagging sectors becoming "safe havens" for funds, further diverting liquidity from the technology sector.