Changes in US stocks | Storage concepts generally fall, SanDisk (SNDK.US) falls nearly 10%

The Zhitong Finance App learned that on Thursday, storage concepts generally declined, with SanDisk (SNDK.US) falling nearly 10%, Western Digital (WDC.US) falling more than 6%, and Micron Technology (MU.US) and Seagate (STX.US) falling more than 3%. The main driving force behind the rise in memory chip stocks is the boom in AI infrastructure spending and the surge in demand, leading to a rise in the price of components such as memory chips. However, many investors are questioning whether such a huge increase is justified, and in particular, more and more are questioning whether AI-related capital spending can continue at the current rate without any significant signs of return.

Peter Anderson, chief investment officer of Anderson Capital Management, said, “Considering the general context of AI data center construction, the recent strong performance is ostensibly reasonable, but I am increasingly concerned that the market's expectations for future demand are too far ahead of schedule, and underestimate the risk of historical cyclicality and overcapacity and price pressure.”