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.
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