US Stock Market Move | Storage concept stocks bucked the trend and soared, SanDisk Corp (SNDK.US) rose more than 5%

On Friday, the storage concept stocks of US stocks rose against the trend. SanDisk Corp (SNDK.US) rose more than 5%, Micron Technology, Inc. (MU.US) rose more than 4%, Western Digital Corporation (WDC.US) rose more than 2%, and Seagate Technology Holdings PLC (STX.US) turned upwards. On the news front, reports cited by media citing knowledgeable sources revealed that the world's largest scale storage chip manufacturer - Samsung Electronics from South Korea - will significantly raise prices for some crucial storage chips globally this month compared to September. Insiders revealed that Samsung's maximum increase for certain storage chips this time reaches 60% due to the exponential demand expansion brought about by technology giants' large-scale construction of AI data centers on a global scale, leading to serious shortages. Morgan Stanley pointed out that a qualitative change has occurred in the core DRIVE of this round of storage supercycle. The demand side is no longer traditional consumer electronics customers sensitive to prices, but AI data centers and cloud computing service giants who are engaged in an arms race to build a massive AI computing infrastructure, and even some sovereign government agencies. Morgan Stanley stated that for them, obtaining storage products including DRAM and NAND series is a strategic "necessity", with price sensitivity reduced to a minimum, while the huge capacity required for HBM is structurally crowding out the DDR4 and DDR5 capacity of the three major storage giants.