US Stock Market Move | Storage concept collectively surged, SanDisk (SNDK.US) rose more than 10% to a record high.

On Wednesday, the concept of storage collectively surged, with SanDisk (SNDK.US) soaring over 10% to hit a new record high. Micron Technology, Inc. (MU.US) also rose over 8%, while Western Digital Corporation (WDC.US) and Seagate Technology Holdings PLC (STX.US) both increased by more than 6%. In terms of news, Dell Technologies, Inc. Class C (DELL.US) CEO Michael Dell warned that as the capacity of accelerators and data center deployments continues to expand in sync, global AI memory demand will increase by 625 times compared to current levels, and it will take several years for the supply side to catch up. He stated that the memory capacity of each accelerator in AI infrastructure is expanding in sync with the overall system scale, and the combination of the two will create a structural trend of approximately 625 times growth in memory demand.