Soochow Securities expects that funds withdrawn from the precious metals and cryptocurrency markets will be invested in stocks related to storage chips and hard disk drives.

Jordan Klein, a technology industry analyst at Suihua Securities, said that investors who are withdrawing from the precious metals and cryptocurrency markets may soon redirect their funds to stocks related to storage chips and hard drives. With storage chip stocks continuing to reach new highs thanks to strong fundamentals, this "hot money" is looking for new narratives. He expects that the fundamentals of the storage sector will remain strong for the remainder of this year.