US Stock Market Move | Storage concept stocks continued to strengthen, Micron Technology, Inc. (MU.US) rose more than 7%.

On Thursday, storage concept stocks continued to rise, with Micron Technology, Inc. (MU.US) increasing by over 7% to a new historical high, Western Digital Corporation (WDC.US) rising by over 6%, and Seagate Technology Holdings PLC (STX.US) rising by nearly 4%. On the news front, Morgan Stanley upgraded Micron's rating from "hold" to "buy," and significantly raised its target price from $160 to $220. The background of this rating adjustment is that the price increase of core DRAM products has exceeded market expectations. Despite the recent strong performance of Micron Technology, Inc., Morgan Stanley still believes that there is further upside potential for its stock price. In addition, according to CCTV Finance, global storage chip prices have been continuously rising over the past six months. Especially in the past month, news of price increases has become more frequent. According to Morgan Stanley's latest research report, with the heat of artificial intelligence, the storage chip industry is expected to enter a "super cycle".