Storage Stocks Surge Collectively with SanDisk Hitting Record High on 10% Gain

Stock News04-08

Storage-related stocks experienced a broad rally on Wednesday. SanDisk Corp. surged more than 10%, reaching a new all-time high. Micron Technology rose over 8%, while Western Digital and Seagate Technology PLC each climbed more than 6%. The rally followed comments from Dell Technologies Inc. CEO Michael Dell, who warned that global AI memory demand is set to surge 625 times from current levels as accelerator memory capacity per unit expands alongside the scale of data center deployments. He noted that supply-side efforts to catch up will take several years. According to Dell, the memory capacity per accelerator in AI infrastructure and the overall system scale are both increasing simultaneously, and the combined effect will create a structural scenario where total memory demand grows by approximately 625 times.

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