US Stock Market Move | Storage concept stocks collectively rose in the morning session, with Micron Technology, Inc. (MU.US) rising more than 6%.

On Tuesday, storage concept stocks collectively rose in early trading, with Micron Technology, Inc. (MU.US) up over 6%, Sandisk (SNDK.US) and Western Digital Corporation (WDC.US) up over 5%, and Seagate Technology Holdings PLC (STX.US) up over 3%. On the news front, market research firm IDC stated that as the AI boom puts pressure on supplies, a shortage of storage chips is becoming "an unprecedented crisis." Meanwhile, the construction of AI infrastructure is still accelerating, with major tech companies expected to spend a staggering $650 billion in 2026, an increase of about 80% from last year's record level. Therefore, even if storage chip manufacturers increase production, it may take over a year - or even longer - to alleviate the shortage.