Changes in US stocks | Chip stocks generally rose, Western Digital (WDC.US) rose more than 3%

The Zhitong Finance App learned that on Wednesday, chip stocks generally rose, Intel (INTC.US) rose nearly 5%, American Ultra Micro (AMD.US) rose nearly 4%, Western Digital (WDC.US) rose more than 3%, Seagate Technology (STX.US) and SK Hynix (SKHY.US) rose more than 2%, and Nvidia (NVDA.US), ASML.US (ASML.US), and TSM.US (TSM.US) rose more than 1%.

According to the news, on Tuesday local time, Sumit Sadana, senior adviser to the CEO of Micron Technology, and former executive vice president and chief commercial officer, said that even if Micron is drastically increasing capital expenditure and advancing about 20 production expansion projects around the world, it is still difficult to ease the current serious shortage of memory in the short term. Sadana predicts that meaningful new supply will not start climbing until 2028; Micron still “cannot see a clear time” as to when supply and demand will return to balance again.