US Stock Market Move | The concept of storage stocks fell, Micron Technology, Inc. (MU.US) dropped 6%.

On Wednesday, storage concept stocks fell, with SanDisk (SNDK.US) dropping 7.5%, Western Digital Corporation (WDC.US) dropping more than 4%, and Micron Technology, Inc. (MU.US) falling 6%. Since the first half of this year, SanDisk has surged by approximately 858%, Micron Technology, Inc. has risen by over 300%, and their market value has surpassed 1 trillion dollars, making the storage and chip sectors the champions of the US stock market halfway through the year. Market analysts point out that since the surge in the AI sector at the end of May, the market has entered a stage of technical adjustment. On one hand, the expectation of AI-driven storage demand has pushed the valuations of related stocks to high levels, leading to profit-taking pressure. On the other hand, cautious signals are starting to emerge within the industry. Analysts suggest that high elasticity often accompanies high volatility, and after experiencing extreme growth in the first half of the year, the storage sector is now facing increased short-term fund speculation, making the pressure at the beginning of the third quarter a normal technical correction.