US Stock Market Move | Storage chip sector collectively rebounded, Micron Technology, Inc. (MU.US) rose more than 8%.
On Monday, the storage chip sector rebounded collectively, with Micron Technology (MU.US) rising more than 8% and SanDisk (SNDK.US) rising nearly 4%.
On Monday, the memory chip sector as a whole rebounded, with Micron Technology, Inc. (MU.US) rising by more than 8%, SanDisk (SNDK.US) by nearly 4%, Western Digital Corporation (WDC.US) and Seagate Technology Holdings PLC (STX.US) by over 3%. In terms of news, recently, Musk expressed optimism about Micron in an interview at JPMorgan's global headquarters. He stated, "The real bottleneck is in chip manufacturing capacity," and currently Micron's production capacity is far below the actual demand for chips.
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