Stock market anomaly | Storage industry welcomes price hike trend Western Digital (WDC.US) rises more than 4% Stock price hits new all-time high again

According to the Securities Times APP, on Thursday, Western Digital (WDC.US) rose more than 4%, reaching $89.59, hitting a new all-time high. It is understood that the storage industry is currently experiencing a price hike wave, due to supply and demand imbalances caused by production reduction measures and strong demand for artificial intelligence (AI) applications. This is mainly reflected in NAND flash and DRAM products, and it is expected that this warming trend will continue until 2025 or even 2026. The demand for storage in areas such as data centers, AI servers, AI PCs, and smart cars has surged, prompting storage chip manufacturers to adopt measures such as production reduction and price increases to respond to market changes and seize a new cycle of upward trends. Morgan Stanley maintained a buy rating on Western Digital in its report on Wednesday, raising its target price from $92 to $99.