US Stock Market Move | Energy storage concept stocks collectively surged and broke through the top, with SanDisk rising more than 4%.

On Friday, the concept stocks of energy storage collectively rose above their previous highs, with SanDisk (SNDK.US) and Western Digital Corporation (WDC.US) erasing their early losses. As of the time of publication, SanDisk rose more than 4%, hitting a historical high of $1153, Western Digital Corporation (WDC.US) rose more than 1.4%, hitting a historical high of $446.62; Micron Technology, Inc. (MU.US) rose more than 5%, hitting a historical high of $545.07; Seagate Technology Holdings PLC (STX.US) rose more than 6%, hitting a historical high of $716.53. In terms of news, SanDisk and Western Digital Corporation released their latest financial reports yesterday. SanDisk's conference call revealed that they have signed five long-term supply agreements, with a minimum contract revenue of approximately $42 billion, financial guarantees exceeding $11 billion, covering over one-third of shipments in the 2027 fiscal year. Western Digital Corporation's CEO pointed out that AI computing is undergoing a structural transformation towards inference and intelligent AI, with "every token and cue" creating irreversible persistent data, forming a compound cycle of "inference creating data, agents generating more data", and the compound growth rate of long-term storage demand exceeding 25%. Currently, the company's order visibility has extended to 2029, 40TB EPMR drives will be mass produced in the second half of 2026, and HAMR technology certification progress is ahead of expectations.