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AiCoin
AiCoin|1ๆœˆ 08, 2026 10:19
**[US Stock Storage Sector Starts 2026 Strong]** Jin10 News, January 8 โ€“ Storage and mass storage equipment companies performed exceptionally well last year, becoming one of the best-performing groups in the S&P 500 index. At the beginning of 2026, the storage sector, led by SanDisk, Western Digital, Seagate Technology, and Micron Technology, continues to show strength. SanDisk surged 16% on the first trading day of the year, soared 28% on Tuesday, and rose another 1.1% on Wednesday, with a cumulative increase of 49%. Western Digital, Seagate, and Micron all recorded double-digit percentage gains at the start of the year, though they pulled back slightly on Wednesday. Peter Andersen, Chief Investment Officer of Andersen Capital Management, stated that the recent rally has been driven by the construction of AI data centers, but the market may be underestimating cyclical risks and pricing pressures. The 14-day Relative Strength Index (RSI) for SanDisk and Micron both exceeded 70, which technical analysts believe could signal overbought conditions.
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