Changes in US stocks | Storage concept stocks rose at the beginning of the market, SanDisk (SNDK.US) rose more than 7%, and market capitalization hit a 2-month high

The Zhitong Finance App learned that on Tuesday, US stock storage concept stocks rose more than 7%, a record high since the beginning of July, with a total market value of 277.3 billion US dollars; Seagate Technology (STX.US) rose more than 3%, Western Digital (WDC.US) and SK Hynix (SKHY.US) rose more than 2%, and Micron Technology (MU.US) rose nearly 2%. According to the news, Wall Street banks have recently been intensively publishing bullish reports, optimistic that AI inference demand will reshape the long-term logic of NAND flash memory, and the pattern of continued supply-side tension.

Rosenblatt Securities covered SanDisk for the first time today, giving it a “buy” rating and a target price of $2,400, indicating that the expansion of the AI model scale and the increase in data volume for inference tasks will continue to drive demand for NAND. Citi published a report on the same day, predicting a 52.9% year-on-year increase in demand for enterprise solid-state drives in 2027, confirming SK Hynix's “buy” rating. The UBS report also pointed out that Meta's intelligent Muse has detonated AI computing power requirements, and storage and semiconductor equipment are on the cusp, and HBM, server DRAM, and storage infrastructure are the core support for efficient data transportation. In addition, Micron Technology will release financial reports this week, and the market is hopeful that the storage industry will continue to thrive.