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<US>US Memory Stocks Spike as S Korean Peers Reportedly Plan to Lift Server Memory Prices by 70%
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US memory-related stocks skyrocketed overnight (6th). Sandisk (SNDK.US) and Micron (MU.US) jumped up 27.6% and 10%, while Seagate (STX.US) and Western Digital (WDC.US) proliferated 14% and 16.8%. In after-hours trading, Sandisk climbed over 2%, while Micron, Seagate, and Western Digital added less than 1%. Major global memory manufacturers Samsung Electronics and SK Hynix plan to lift server memory product prices by 70% in the first quarter of this year, according to Korea Economic Daily. Besides, NVIDIA (NVDA.US) CEO Jensen Huang stated at the Consumer Electronics Show (CES) that the Vera Rubin product using next-generation chips is now in full mass-production, further fueling expectations for increased market memory demand. AASTOCKS Financial News Website: www.aastocks.com |
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