Global Storage Sector Shows Significant Divergence, Korean Giants Hit New Highs

On February 25, the global storage sector experienced significant divergence. South Korean tech giant Samsung Electronics surged by 3.63%, hitting an all-time high, with its market capitalization approaching $1 trillion. SK hynix also saw gains, surpassing Micron in market value.

However, U.S. storage stocks generally pulled back following news that short-seller Citron Research had announced a short position on SanDisk. Shares of Micron Technology, SanDisk, and Western Digital all saw declines. In the A-share market, stocks of companies like GigaDevice, Montage Technology, and Babi Technology also weakened. Similarly, Hong Kong-listed stocks such as Montage Technology and GigaDevice experienced notable losses. Some institutions pointed out that while the AI-driven storage price hike cycle remains intact, the short-term market is undergoing a high-level sentiment adjustment. Investors are advised to remain cautious about the potential risks of volatility within the sector.