US stocks fluctuate | Storage sector opens strong, Micron Technology (MU.US) rises nearly 3%

According to the Wise Finance APP, on Wednesday, the storage sector opened strong, with Micron Technology (MU.US) and SanDisk (SNDK.US) rising nearly 3%, Seagate Technology (STX.US) rising over 2%, and Western Digital (WDC.US) rising over 1%. In terms of news, Citigroup has significantly raised the target price of Micron Technology's stock from $425 to $840, and maintains a "buy" rating. The reason is the expectation that the company will increase the price of dynamic random access memory (DRAM). Analysts stated: "We expect the DRAM boom cycle to continue until the natural year 2027, and we expect the price of HBM (High Bandwidth Memory) to rise next year."