US Stock Market Move | Storage concept stocks are down, with Sandisk (SNDK.US) falling by 6% in widening percentage.
On Thursday, US stocks in the storage concept sector fell, with SanDisk's stock price opening lower, dropping more than 6% as of the time of writing.
On Thursday, US storage concept stocks fell, with SanDisk (SNDK.US) opening lower and falling more than 6% as of press time; Seagate Technology Holdings PLC (STX.US) fell more than 4.49%, Western Digital Corporation (WDC.US) fell 4.16%, and Micron Technology, Inc. (MU.US) dropped 1.37%. In terms of news, Meta's plan to "sell excess computing power" completely shattered the market's previous core belief in "absolute scarcity of computing power". Although Ben Snider, chief US stock strategist at Goldman Sachs Group, Inc., dismissed concerns about a bubble and said he will continue to be bullish on some key themes in AI trading, market concerns persist and storage concept stocks continue to decline.
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