US Stock Market Move | SanDisk (SNDK.US) rises more than 6% as concerns about the diversion of funds from the super IPO ease.

On Thursday, SanDisk (SNDK.US) rose by more than 6%, reaching $1750.47. In terms of news, on June 11th, Goldman Sachs Group, Inc. released a report stating that the fund diversion effect of super IPOs such as SpaceX and OpenAI is limited, stock buybacks are sufficient to offset new supply, and will not end the AI bull market or impact the storage sector, easing investors' concerns. Additionally, according to Digitimes Asia on Wednesday citing supply chain sources, the leading cloud service provider (CSP) has fully booked all available Long Term Agreements (LTA) production capacity for 2027 and is currently actively pursuing supply negotiations for 2028. At the same time, several storage module manufacturers have recently received notifications from original equipment manufacturers (OEMs) stating that they are unable to provide any additional supply beyond the previously committed amount, as upstream capacity has been largely redirected towards NVIDIA Corporation's AI servers and CSP demands. This supply pattern is spreading throughout the entire industry chain. Shortages in the DRAM and NAND markets are expected to further expand in the second half of 2026, with the industry generally expecting the shortage level in 2027 to exceed that of 2026. For investors, storage prices are expected to remain strong in the next two to three years, and the potential for price increases in storage manufacturers' contracts is widely favored by the market.