US Stock Market Move | The concept stocks of storage chips surged, with Sandisk (SNDK.US) rising by 6%.
On Monday, storage chip concept stocks rose broadly, with SanDisk (SNDK.US) up 6%.
On Monday, storage chip concept stocks saw a general rise, with SanDisk (SNDK.US) up 6%, Western Digital Corporation (WDC.US), SK Hynix (SKHY.US), and Micron Technology, Inc. (MU.US) all rising over 4%, and Seagate Technology Holdings PLC (STX.US) increasing by more than 2%.
In terms of news, Elon Musk recently directly mentioned on platform X that storage will become a core constraint in the era of autonomous AI and expressed a clear optimism for the long-term growth potential of three storage giants: Micron Technology, Inc., SanDisk, and SK Hynix. Goldman Sachs Group, Inc. predicts that by 2030, the global monthly token consumption for autonomous AI will reach 120 trillion, which is 24 times the level at the beginning of 2026, indicating that storage demand is almost in an infinite growth trajectory.
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SHANGHAI FUDAN (01385) announced its performance for the first half of the year, with net profit attributable to shareholders of approximately 849 million yuan, a year-on-year increase of 338.58%.
EMPEROR CAPITAL (00717): Plans to sell all shares of Jlian Group.
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