The global storage sector is on an upward trend, with AI driving continued strong growth

On February 24th, the global storage sector saw a broad-based rally, driven by surging demand for AI computing power, supply shortages of HBM, and industry inventory pressures. In the A-share market, storage chip stocks surged, with Montage Technology rising 6.08%, Biwin Storage up 4.88%, and Shenzhen Technology up 4.58%, indicating a significant increase in sector activity. Meanwhile, the South Korean KOSPI index hit a new record high, closing up 2.11%, with SK Hynix up 5.7% and Samsung Electronics up nearly 3.63%. Market news that the pricing of the new generation HBM4 mass production exceeded expectations further boosted sentiment. In Taiwan, TSMC and Nanya Technology both rose; the previous day (February 23rd), all three major US stock indices closed lower, with storage leader Micron Technology also falling 1.68%. In this seller's market, the upward trend in storage prices is clear, and the sector's strong growth continues.