US Stock Market Move | Storage sector continues to strengthen, with Micron Technology, Inc. (MU, US) and Western Digital Corporation (WDC, US) both gaining over 5%.
On Wednesday, the storage sector continued to strengthen.
On Wednesday, the storage sector continued to strengthen, with Micron Technology, Inc. (MU.US) and Western Digital Corporation (WDC.US) rising over 5%, SanDisk (SNDK.US) rising over 4%, and Seagate Technology Holdings PLC (STX.US) rising over 1%, all hitting new historical highs. In terms of news, Counterpoint Research recently stated that the storage market has entered a "super bull market" phase, with the current market even surpassing the historical highs of 2018. With the continuous increase in demand for AI and server capacity, suppliers' bargaining power has reached historical highs. It is expected that storage prices will soar by 40%-50% in Q4 2025; another 40%-50% increase in Q1 2026, and an estimated further increase of around 20% in Q2 2026.
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SHAW BROTHERS (00953) plans to issue 45.765 billion yuan worth of shares to acquire all the shares of CMC Moon Holdings Limited.

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