US Stock Market Move | Storage sector opened against the trend and strengthened, SanDisk (SNDK.US) rose over 6%.
On Tuesday, the storage sector of the U.S. stock market opened against the trend and showed strength.
On Tuesday, the US stock storage sector opened against the trend and strengthened, with SanDisk (SNDK.US) rising over 6% and Micron Technology, Inc. (MU.US) rising nearly 4%, both hitting historical highs. Seagate Technology Holdings PLC (STX.US) and Western Digital Corporation (WDC.US) also turned positive. On the news front, Micron Technology, Inc. had previously stated that the shortage of memory chips had worsened over the past quarter, due to the increasing demand for high-end semiconductors in artificial intelligence infrastructure construction. The company warned that the tight supply situation will continue until after 2026. Micron is accelerating its capacity expansion process in the United States and Asia.
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