US Stock Market Move | Storage concept stocks collectively strengthened, Seagate Technology Holdings PLC (STX.US) surged more than 8.6%.

At the beginning of Monday's session, the US stock market saw a strong performance from storage concept stocks. As of the time of writing, Seagate Technology Holdings PLC (STX.US) surged by over 8.6%, SanDisk (SNDK.US) rose by over 4%, Western Digital Corporation (WDC.US) increased by over 5.5%, and Micron Technology, Inc. (MU.US) rose by over 3.8%. In terms of news, Samsung Electronics has completed negotiations and signed supply contracts with its major customers for second-quarter DRAM supply prices, with an increase of about 30% from first-quarter levels. This price increase covers high-bandwidth memory (HBM) as well as general DRAM products for servers, PCs, mobile devices, and more, resulting in an average comprehensive increase. Previously, Samsung had raised DRAM prices by about 100% in the first quarter.