Data Storage Stocks Jump as Iran Ceasefire Promises to Free Up Helium Market

Dow Jones04-08 20:36
 

By Nicholas G. Miller

 

Shares of data storage companies rose after the U.S. and Iran agreed to a ceasefire that promises to unlock supplies of helium, which is used in chip production.

Micron Technology jumped 9.3% in Wednesday's premarket trading. Sandisk rose 8.8%. Seagate increased 7.6%. Western Digital gained 6.8%.

The conflict in the Middle East had halted natural-gas exports from Qatar, the source of about a third of the world's helium.

That forced helium users to scramble for scarce short-term spot market cargoes, leading prices to more than double.

Chip makers use helium to maintain stable temperatures while etching silicon wafers into advanced semiconductors.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

April 08, 2026 08:36 ET (12:36 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment