US Stocks Movement | Some storage concept stocks rise, SK Hynix (SKHY.US) up over 1.8%
Some US-listed storage concept stocks are rising.
Zhitong Finance APP reported that on Monday, some US stock storage sector shares rose. As of press time, SanDisk (SNDK.US) was up more than 2%, SK hynix (SKHY.US) up more than 1.8%, and Micron Technology (MU.US) was up nearly 1%. According to reports, SK hynix is evaluating the construction of a semiconductor factory in Japan to improve its global production capacity layout and meet the demand for memory chips driven by AI. Japan has become a potential option due to its electricity and water resources as well as industrial chain advantages. The company is inspecting various locations, and the cooperation model has not been decided yet; it may involve joint ventures or acquisitions. This move will also deepen cooperation with clients such as Sony and Nintendo, as well as suppliers like Tokyo Electron, helping diversify supply chain risks.
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EIA expects Brent crude spot prices to remain at $100 per barrel for the rest of the year and raises the average price forecasts for this year and next.
The U.S. Energy Information Administration (EIA) has raised its forecast for average Brent crude oil prices in 2026 and 2027 to $97 and $86, respectively, reflecting pressures from global inventory declines, Middle East supply disruptions, and rising transportation costs. As oil production in the Middle East gradually recovers and global inventories rebound from low levels, the EIA expects the average spot price of Brent crude to fall to $87 per barrel in the second quarter of 2027, and further decline to $77 per barrel by the fourth quarter.
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