Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
US Stock Movement | Storage Industry Faces Price Surge, Western Digital (WDC.US) Rises Over 4%, Stock Price Hits New All-Time High

US Stock Movement | Storage Industry Faces Price Surge, Western Digital (WDC.US) Rises Over 4%, Stock Price Hits New All-Time High

智通财经智通财经2025/09/04 19:07
Show original
By:智通财经

According to Jinse Finance APP, on Thursday, Western Digital (WDC.US) rose more than 4%, closing at $89.59, hitting a new all-time high. It is reported that the storage industry is currently experiencing a wave of price increases, driven by supply-demand imbalances caused by production cuts and strong demand from artificial intelligence (AI) applications, mainly reflected in NAND flash and DRAM products. This recovery trend is expected to continue into 2025 or even 2026. The surge in demand for storage from sectors such as data centers, AI servers, AI PCs, and smart vehicles has prompted storage chip manufacturers to adopt measures such as production cuts and price hikes to respond to market changes and seize the new upward cycle. JPMorgan maintained its Buy rating on Western Digital in a report on Wednesday and raised its target price from $92 to $99.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Bitcoin Price Warning: Why a 50% Crash May Be Unstoppable?

Bitcoin may not be ready for what’s coming next. Charts indicate that Bitcoin could face a nearly 50% plunge, much closer than most people expect.

Cryptoticker2025/09/04 22:37
Bitcoin Price Warning: Why a 50% Crash May Be Unstoppable?

Trump Opens 401(k) Investments to Crypto: What Are the Implications?

Crypto assets are being considered for inclusion in the most important wealth management systems in the United States.

深潮2025/09/04 21:13
Trump Opens 401(k) Investments to Crypto: What Are the Implications?