US Stocks Movements | Storage sector opens higher, Sandisk (SNDK.US) rises over 8%

Jit Tong Finance APP has learned that on Wednesday, the storage sector opened with broad gains. SanDisk (SNDK.US) rose over 8%, SK Hynix (SKHY.US) and Seagate Technology (STX.US) each gained over 6%, while Micron Technology (MU.US) and Western Digital (WDC.US) were up over 5%. According to reports, a new round of price increases in the storage market is unfolding in a somewhat asymmetric manner. Recently, multiple sources within the storage industry revealed that some leading companies have verbally informed distributors of intended price hikes for enterprise-grade chips. Although the official price adjustment notices have not yet been issued, prices on the distribution side have already started to move.