US Stock Market Move | Storage concept stocks continued to rise at the beginning of trading. SanDisk (SNDK.US) surged over 5% to hit a new all-time high.

On Thursday, concept stocks related to storage continued to rise in the early session, with SanDisk (SNDK.US) rising over 5% to create a new historical high, accumulating a 30% increase for the month; Micron Technology, Inc. (MU.US) and Seagate Technology Holdings PLC (STX.US) rose nearly 1%. On the news front, the growth in HBM demand brought by AI, combined with the traditional server replacement cycle, UBS Group AG believes that the supply-demand gap in the global DRAM market will continue until the fourth quarter of 2027. The DRAM market has been highly consolidated into a tripartite structure, with the supply side lacking sufficient "competitive expansion" incentives to suppress demand shocks, and upward price pressure will be more persistent.