US Stock Market Move | Storage sector strengthens collectively; Western Digital Corporation (WDC.US) rises over 8%.

On Monday, the storage sector strengthened collectively, with Western Digital Corporation (WDC.US) and Seagate Technology Holdings PLC (STX.US) rising over 8%, SanDisk (SNDK.US) and Micron Technology, Inc. (MU.US) rising over 5%, and SK Hynix (SKHY.US) rising over 4%. As tech giants' AI arms race continues to heat up and their free cash flow deteriorates at an accelerating pace, storage chip makers are quietly accumulating cash. Nomura Securities believes there is a fundamental mispricing of the storage sector in the current market. Nomura noted in its report that the market's current pricing of the storage sector implies an assumption that earnings have peaked, a judgment the institution explicitly disagrees with. The report argues that the storage supply shortage will persist until 2028, long-term supply agreements are also increasing, and the large-scale shareholder return cycle for storage manufacturers has only just begun. Against the backdrop of overall pressure on the tech sector, storage is a "safe haven" more worthy of attention.