US Stock Movement | Storage Concept Gains Expand Western Digital(WDC.US) Up Over 7%

LootboxPhobia · 2026-02-26T02:48:58+00:00

Storage concept stocks extended their gains on Wednesday, with Western Digital rising over 7% and Seagate Technology up more than 4%. Wall Street short-selling firm Citron Research shorted SanDisk, attracting market attention. Analysts believe Citron's shorting timing may be premature, as AI demand could slow cyclical fluctuations. SK Hynix stated that the rise in storage prices has become a certainty, with inventory shortages.

LootboxPhobia

2026-02-26 02:48:58

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Crypto Finance APP reports that on Wednesday, the storage sector’s rally expanded, with Western Digital (WDC.US) up over 7%, Seagate Technology (STX.US) up over 4%, Micron Technology (MU.US) up over 3%, and SanDisk (SNDK.US) up over 1%. On the news front, previously, well-known Wall Street short seller Citron Research announced it was shorting SanDisk and openly warned that the top has not yet been reached. Citron stated that the boom is just a “mirage,” and that “supply illusions” are masking a cyclical crisis. Regarding Citron’s shorting of SanDisk, some market analysts pointed out that Citron’s logic targets the core of cyclical stocks, but the timing may be about two years early. Some investors believe that AI-driven structural demand growth could, to some extent, smooth out traditional cyclical fluctuations, and the current shortages are not entirely “illusions.”

Earlier, SK Hynix sent a strong signal during a Goldman Sachs conference call, stating that with the resonance of explosive AI demand and supply bottlenecks, the rise in storage prices is inevitable. The company revealed that current DRAM and NAND inventories are only about four weeks’ worth, and no customer can fully meet the demand.

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