US Stock Movement | Storage Industry Faces Price Surge, Western Digital (WDC.US) Rises Over 4%, Stock Price Hits New All-Time High
According to Jinse Finance APP, on Thursday, Western Digital (WDC.US) rose more than 4%, closing at $89.59, hitting a new all-time high. It is reported that the storage industry is currently experiencing a wave of price increases, driven by supply-demand imbalances caused by production cuts and strong demand from artificial intelligence (AI) applications, mainly reflected in NAND flash and DRAM products. This recovery trend is expected to continue into 2025 or even 2026. The surge in demand for storage from sectors such as data centers, AI servers, AI PCs, and smart vehicles has prompted storage chip manufacturers to adopt measures such as production cuts and price hikes to respond to market changes and seize the new upward cycle. JPMorgan maintained its Buy rating on Western Digital in a report on Wednesday and raised its target price from $92 to $99.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether's Compliance Adventure
USAT represents Tether's bet: they can obtain regulatory legitimacy for institutional users while maintaining flexibility for retail users globally.

Bitcoin shows signs of ‘cycle exhaustion’ as BTC price tumbles to $112K
Is XRP price going to crash after falling below $3 again?
BitGo's Strange Financial Report: 0.3% Profit Margin Coexists with 90% Debt Ratio
The actual business data is not as bad as it appears on the surface.

Trending news
MoreCrypto prices
More








