US Stocks Surging | Micron Technology (MU.US) Rises Over 4% Three Major Manufacturers Suspend Quotations! DDR5 Spot Prices Soar 25% in One Week.

According to the China Finance APP, on Monday, Micron Technology (MU.US) rose more than 4%, reaching $234.33. It is reported that Samsung Electronics has taken the lead in suspending October DDR5 DRAM contract prices, leading SK Hynix and Micron and other storage manufacturers to follow suit, causing a food shortage in the supply chain. It is expected that the recovery in contract prices will be delayed until mid-November. Industry insiders revealed that although the consensus in the market is that storage contract prices will rise in the fourth quarter, it was previously expected that the fourth quarter contract prices would be finalized by the end of October. However, Samsung has been unwilling to provide contract prices, directly telling downstream customers "there is no goods to sell," causing DDR5 spot prices to skyrocket by 25% in just one week.