Storage Sector Surges, Micron Technology Up Over 10%, Pat Gelsinger States Shortage of Memory Chips Will Persist for Years

BlockBeats News, June 8th, according to Bitget market data, the US stock storage sector saw a significant increase, with Micron Technology (MU) up by 10.24%, SanDisk (SNDK) up by 7.28%, Western Digital (WDC) up by 3.45%, and Seagate Technology (STX) up by 4.82%.

Furthermore, in the tokenized contract market, SK Hynix perpetual contract rose by 4.65% in the past 24 hours; Samsung perpetual contract rose by 5.44% in the past 24 hours.

On the news front, on June 7th, during a visit to Seoul, South Korea, NVIDIA CEO Jensen Huang publicly stated that the tight situation in memory chip supply would continue for several years. The core of the shortage lies in the entire supply chain from upstream wafer manufacturing, advanced packaging to silicon photonics module, all of which are in a state of demand outstripping supply. The root cause is the sustained high demand for AI-related applications, with no sign of abating.