US Stock Market Move | Storage concepts stocks were generally up, Seagate Technology Holdings PLC (STX.US) rose more than 3%.

On Wednesday, storage concept stocks in the US market saw a general rise, with Seagate Technology Holdings PLC (STX.US) and Sandisk Corp (SNDK.US) rising by more than 3%, while Micron Technology, Inc. (MU.US) and Western Digital Corporation (WDC.US) rose by more than 1%. On the news front, on November 19th, market research firm Counterpoint Research released a report stating that NVIDIA Corporation 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 Corporation a customer of LPDDR chips of a similar scale to major smartphone manufacturers, and the supply chain may find it difficult to easily digest such demand. Counterpoint stated that there is a risk of shortages in the low-end market leading to upstream suppliers. Chip manufacturers are currently weighing whether to shift more factory capacity towards production of LPDDR to meet NVIDIA Corporation's demand, which may further exacerbate shortages in other memory products. Counterpoint predicts that prices of server memory chips will double by the end of 2026. This price increase will directly raise the operating costs of cloud service providers and AI developers. According to the latest flash memory market quotes from CFM, on November 19th, FlashWafer prices saw a comprehensive increase, with the highest increase being 38.46%. Specifically, 1Tb QLC rose by 25.00% to $12.50, 1Tb TLC rose by 23.81% to $13.00, 512Gb TLC rose by 38.46% to $9.00, and 256Gb TLC rose by 14.58% to $5.50.