US Stock Market Move | Storage concept gains momentum, Western Digital Corporation (WDC.US) rises more than 7%.

On Wednesday, the concept of storage was on the rise, with Western Digital Corporation (WDC.US) rising over 7%, Seagate Technology Holdings PLC (STX.US) rising over 4%, Micron Technology, Inc. (MU.US) rising over 3%, and SanDisk (SNDK.US) rising over 1%. In terms of news, the well-known Wall Street short-selling institution Citron previously stated it was shorting SanDisk and bluntly warned that the alarm bells wouldn't ring at the top. Citron bluntly stated that prosperity is just a "mirage," with the "supply illusion" masking a cyclical crisis. Regarding Citron's attack against SanDisk, some market analysts pointed out that Citron's short-selling logic hit the nail on the head for cyclical stocks, but the timing may have been about two years too early. Some investors, however, believe that structural demand growth driven by AI may somewhat smooth out traditional cyclical fluctuations, and that the current shortage is not entirely an illusion. Earlier, SK Hynix sent a strong signal during a conference call with Goldman Sachs Group, Inc., stating that with the resonance of the explosion in AI demand and supply bottlenecks, the rise in storage prices has become a certainty. The company revealed that currently, DRAM and NAND inventories are only about 4 weeks left, and no customer can fully meet the demand.