Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
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2025/09/04 19:07
By: 智通财经
PC0.00%

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.

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

The Power of Growth in the Web3 Sector - An Exclusive Interview with Ryze Labs Co-founder Haru

If, in this vast world, each of us is just a speck of dust, then let us shine with our own unique light.

Ryze Labs2025/09/20 01:02
D’Cent Launches XRPfi Prime, Unlocking Yield in Self-Custody Wallet

Quick Take Summary is AI generated, newsroom reviewed. D’Cent and Doppler Finance have partnered to launch XRPfi Prime, a new service for XRP holders. The service allows users to earn a guaranteed 2.5% annualized interest on their XRP directly from their hardware wallets. The first-time integration of a fixed-yield product into a self-custody wallet provides a new option for XRP holders who have not had a native staking mechanism. XRPfi Prime offers a limited-time promotional rate of up to 7.5% APR for ear

coinfomania2025/09/19 23:48
DoubleZero plans mainnet-beta launch
Cryptobriefing2025/09/19 23:00

Trending news

More
1
The Power of Growth in the Web3 Sector - An Exclusive Interview with Ryze Labs Co-founder Haru
2
D’Cent Launches XRPfi Prime, Unlocking Yield in Self-Custody Wallet

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,746.3
-1.39%
Ethereum
Ethereum
ETH
$4,473.73
-2.99%
XRP
XRP
XRP
$3
-2.98%
Tether USDt
Tether USDt
USDT
$1
+0.03%
BNB
BNB
BNB
$985.84
-0.04%
Solana
Solana
SOL
$239.78
-3.21%
USDC
USDC
USDC
$0.9998
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2664
-5.34%
TRON
TRON
TRX
$0.3440
-2.28%
Cardano
Cardano
ADA
$0.8957
-3.86%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter