Storage concept stocks rise collectively, Western Digital (WDC.US) up more than 6%

K-LinePoet · 2026-03-17T01:20:49+00:00

On Friday, storage concept stocks rose broadly, with Western Digital up more than 6%. The artificial intelligence spending boom is driving the storage chip industry, and with widespread bullish sentiment in the sector, rising storage prices may become the new normal.

K-LinePoet

2026-03-17 01:20:49

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On Friday, storage concept stocks collectively rose, with Western Digital (WDC.US) up over 6%, Seagate Technology (STX.US) and Micron Technology (MU.US) up over 5%, and SanDisk (SNDK.US) up over 4%. In the news, the surge in artificial intelligence (AI) spending is pushing the storage chip industry into a new rhythm. Industry executives say that AI has structurally broken the old cycle, and there are no signs of prices decreasing.

HPE CEO Antonio Neri stated, “We will continue to raise prices because the entire industry will keep raising prices. Currently, supply and demand are out of balance.” A Seagate executive said Tuesday that the rise in storage chip prices is likely to become the “new normal” in the coming years.

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