The Zhitong Finance App learned that on Monday, the storage sector strengthened collectively, with Western Digital (WDC.US) and Seagate (STX.US) rising more than 8%, SanDisk (SNDK.US) and Micron (MU.US) rising more than 5%, and SK Hynix (SKHY.US) rising more than 4%. Tech giants' AI arms race continues to heat up, free cash flow deteriorates at an accelerated pace, while memory chip makers are quietly accumulating cash. Nomura Securities believes that the current market has fundamentally misjudged the pricing of the storage sector.

Zhitongcaijing · 6d ago
The Zhitong Finance App learned that on Monday, the storage sector strengthened collectively, with Western Digital (WDC.US) and Seagate (STX.US) rising more than 8%, SanDisk (SNDK.US) and Micron (MU.US) rising more than 5%, and SK Hynix (SKHY.US) rising more than 4%. Tech giants' AI arms race continues to heat up, free cash flow deteriorates at an accelerated pace, while memory chip makers are quietly accumulating cash. Nomura Securities believes that the current market has fundamentally misjudged the pricing of the storage sector.