US Stock Market Move | Storage concept stocks collectively fell, with SanDisk (SNDK.US) dropping nearly 5%.

On Thursday, storage concept stocks collectively fell back, with SanDisk (SNDK.US) dropping nearly 5%, Micron Technology, Inc. (MU.US) falling over 4%, Seagate Technology Holdings PLC (STX.US), and Western Digital Corporation (WDC.US) dropping over 3%. In terms of news, Citron Research recently targeted SanDisk, which has thrown a bucket of cold water on the currently hot storage chip industry. Citron's targeting of SanDisk is a revaluation of the prevailing "storage super cycle" logic in the market. This short-selling institution bluntly points out that the market's pricing logic for SanDisk is fundamentally flawed, and the current tight supply of storage chips is nothing but a "mirage". The peak of the cycle is looming. Citron's short selling report has raised doubts about the "storage super cycle" and brought short-term intense fluctuations to related stocks.