US stocks surge | Storage concept stocks generally rise Seagate Technology (STX.US) gains over 3%

According to the Yitong Finance APP, on Wednesday, US storage concept stocks generally rose, with Seagate Technology (STX.US) and Sandisk Corp (SNDK.US) up more than 3%, and Micron Technology (MU.US) and Western Digital (WDC.US) up more than 1%. In terms of news, on November 19, research firm Counterpoint Research released a report stating that Nvidia recently decided to switch the memory chips for AI servers from the traditional DDR5 used in servers to the low-power LPDDR chips commonly used in smartphones and tablets in order to reduce server energy costs. This shift will make Nvidia a customer of LPDDR of similar scale as major smartphone manufacturers, and the supply chain may have difficulty easily digesting such demand.