Changes in US stocks | Chip stocks rose more than 6%, and SanDK.US (SNDK.US) rose more than 6%

The Zhitong Finance App learned that on Monday, chip stocks rose more than 6%, Micron (MU.US), Seagate (STX.US), Intel (INTC.US), and SK Hynix (SKHY.US) rose more than 5%, American Ultra Micro (AMD.US), Western Digital (WDC.US), and Applied Materials (AMAT.US) rose more than 4%, and Broadcom (AVGO.US) rose more than 3%.

According to the news, SK Hynix Chairman Choi Tae-won said at the Jeju Forum of the Korea Chamber of Commerce and Industry that demand for AI semiconductors is expected to increase 60% to 100% year on year next year, and overall demand for storage semiconductors will also increase by 50% to 60%. Meanwhile, major manufacturers have almost no substantial plans to expand production capacity next year, and the gap between supply and demand is bound to widen further. He said bluntly that the level of intense competition among global companies for storage supplies “must be described as panic.”