US Stock Market Move | Storage concept stocks strengthen, SanDisk Corp (SNDK.US) stock price hits a record high.

On Thursday, storage concept stocks in the US stock market strengthened again, with SanDisk Corp (SNDK.US) rising by more than 12.5%, reaching a historical high; Seagate Technology Holdings PLC (STX.US) up by over 4.4%, Western Digital Corporation (WDC.US) up by nearly 4.8%, and Micron Technology, Inc. (MU.US) up by more than 2.8%. On the news front, the "super cycle" of memory driven by artificial intelligence is accelerating, forcing major global suppliers to significantly increase prices and prompting customers to lock in long-term supply to cope with the increasing shortage risks. Media reports on the 23rd indicated that Samsung Electronics and SK Hynix have raised the prices of their DRAM and NAND flash memory by as much as 30% in the fourth quarter, and are passing on the new pricing system to customers. This move is a direct response from memory giants to the current market supply-demand imbalance, signaling the beginning of a price increase cycle.