Changes in US stocks | Memory chip concept stocks rose more than 5%, Sandia (SNDK.US)

The Zhitong Finance App learned that on Monday, memory chip concept stocks generally rose. SanDisk (SNDK.US) and Western Digital (WDC.US) rose more than 5%, Seagate Technology (STX.US) rose more than 4%, and Micron Technology (MU.US) and SK Hynix (SKHY.US) rose more than 3%.

According to the news, South Korea's Finance Minister Lee Hyung-il recently stated that the semiconductor industry will continue to prosper until at least 2027. During the annual meetings of the IMF and World Bank, he said that the semiconductor supply and demand gap is still very large, and the supply side continues to expand. Currently, the industry is booming and demand is strong, but the gap will narrow in the long run.

Nvidia CEO Hwang In-hoon said that customer demand for AI chips continues to exceed supply, and new orders are pouring in almost every week or even every day. Analyst Ives believes that the sell-off reflects concerns about infrastructure financing costs after US bond yields rose above 5%. It is a financing-level issue. Potential demand for AI computing power is still strong, and the pullback provides buying opportunities.