US Stock Market Move | Storage Concept Stocks Continue to Rise, Micron Technology, Inc. (MU.US) Up Over 3%

On Wednesday, storage concept stocks continued to rise, with Micron Technology, Inc. (MU.US) up more than 3%, SanDisk (SNDK.US) up more than 2%, Western Digital Corporation (WDC.US), and Seagate Technology Holdings PLC (STX.US) up more than 1%. On the news front, the analyst team at Bank of America Corp recently released a research report stating that the latest supply chain surveys and storage industry chain tracking surveys show that the global storage industry, with storage chips at its core, is still in a "storage super-cycle." The political conflicts in the Middle East have almost zero impact on the storage industry and core supply chain, as well as the bullish sentiment of fund managers towards the storage bull market. Most importantly, core semiconductor equipment mainly comes from the US and Europe, usually transported by air, without passing through the Strait of Hormuz.