US Stock Market Move | Storage concept stocks are performing strongly. Western Digital Corporation (WDC.US) surged by nearly 10%.

On Thursday, storage concept stocks in the US stock market showed strong performance, with Western Digital Corporation (WDC.US) surging nearly 10%, Seagate Technology Holdings PLC (STX.US) and Micron Technology, Inc. (MU.US) rising over 6%, and SanDisk (SNDK.US) up over 5%. On the news front, financial company Aletheia Capital significantly raised its price expectations for DRAM and HBM memory in its latest report, believing that memory is becoming the most critical component in AI hardware systems, with its comprehensive value proportion expected to increase from about 40% in 2025 to over 70% in 2027. The institution predicts that by the third quarter of 2026, the average selling price of DRAM will increase by 30%, significantly higher than the previous estimate of 10% to 15%, and is expected to rise by another 10% to 15% in the fourth quarter; the average selling price of HBM may double each year until 2027.