US Stock Market Move | Storage concept stocks surged, Western Digital Corporation (WDC.US) up more than 9%.

On Wednesday, storage concept stocks surged, with Western Digital Corporation (WDC.US) up more than 9%, SanDisk (SNDK.US) up 8%, Micron Technology, Inc. (MU.US) up nearly 7%, and Seagate Technology Holdings PLC (STX.US) up over 6%. On the news front, in March of this year, the upward trend in DRAM prices that had been continuous for nearly a year came to a sudden halt as memory manufacturers and PC manufacturers signed supply contracts early and locked in short-term prices. However, industry experts believe that DRAM prices will continue to rise in the second quarter of this year. According to media reports, Samsung Electronics and SK Hynix, the world's two largest DRAM manufacturers, have recently notified customers of plans to significantly increase DRAM prices in the second quarter.