U.S. stock market movement | U.S. storage concept stocks rose at the open, Seagate Technology (STX.US) up over 7%

Zhihu Finance APP reports that on Wednesday, U.S. storage-related stocks surged at the market open. Seagate Technology (STX.US) rose over 7%, Western Digital (WDC.US) was up more than 4%, Micron Technology (MU.US) gained over 2%, SK Hynix (SKHY.US) and SanDisk (SNDK.US) both increased by over 1%. On the news front, Seagate Technology’s fiscal Q4 2026 financial report and next quarter guidance both significantly beat Wall Street expectations. Q4 revenue reached $3.6 billion, a 48% year-on-year surge, with earnings per share at $5.71—well above expectations. The gross margin of 52.7% marked a record high, injecting renewed confidence into the storage sector after recent sell-offs.