HK Stock Market Move | Storage concept stocks are strengthening against the trend, and the core position of storage giants is recognized by the capital market. Morgan Stanley said that the sustainability of the industry boom is seriously underestimated.

Storage concept stocks are rising against the trend. As of the time of this report, Montage Technology (06809) is up 8.93% at HK$217.2, and GigaDevice Semiconductor Inc. (03986) is up 4.59% at HK$410.2. On the news front, on April 10th, NASDAQ announced that global storage giant SanDisk will be added to the NASDAQ 100 index before the market opens on April 20th (Monday), while Software as a Service (SaaS) giant Atlassian Corp Plc (TEAM) will be removed. Market participants believe that this adjustment of the NASDAQ 100 index signifies the capital market's recognition of SanDisk's core position in the global data storage and semiconductor fields. It is worth mentioning that benefiting from the storage chip super cycle, market data shows that SanDisk's stock price has risen by over 200% since 2026. Morgan Stanley believes that it is not currently a traditional cyclical peak, but rather a "AI-driven structural supply and demand imbalance." Memory has become a bottleneck for the development of AI, and the sustainability of the industry's prosperity is severely underestimated. Industrial also points out that with the rapid growth in demand for computing power for AI training and inference, data centers' storage demand for HBM, large-capacity DDR5, and enterprise-level SSDs is rapidly increasing, leading to a continuous improvement in industry prosperity. In addition, as overseas companies gradually exit the niche storage market, ongoing supply-demand tightness is causing prices to rise, and domestic niche storage companies are expected to greatly benefit.