US Stock Market Move | Concept stocks of storage chips rebounded sharply, with Western Digital Corporation (WDC.US) rising 8%.

On Monday, concept stocks of storage chips rebounded from overselling, with Western Digital Corporation (WDC.US) rising by 8%, Seagate Technology Holdings PLC (STX.US) rising by over 5%, SanDisk (SNDK.US) and Micron Technology, Inc. (MU.US) rising by over 2%. On the news front, in recent days, several Wall Street investment banks have intensively raised their target prices for Western Digital Corporation, with Cantor Fitzgerald raising its target price from $660 to $900, Melius Research issuing a first coverage with a highest target price of $1050, and believing that the company will greatly benefit from AI infrastructure construction. Goldman Sachs Group, Inc. significantly raised its target price for SanDisk from $1200 to $2200.