US Stock Market Movement | Storage sector surges collectively, SanDisk (SNDK.US) rises over 5%

Smart Finance APP has learned that on Friday, the storage sector collectively rose, with SanDisk (SNDK.US) up over 5%, Micron Technology (MU.US) and Western Digital (WDC.US) both up over 3%, and SK hynix (SKHY.US) and Seagate Technology (STX.US) both up over 2%. In terms of news, on Thursday, August 13 (Eastern Time), SanDisk released its long-term financial model at its 2026 Investor Day, putting forward a series of financial targets to be achieved during fiscal years 2028 to 2030, including maintaining medium to high double-digit revenue growth during this period. SanDisk also addressed market concerns about bit growth, stating that the bit volume available for sale will be adjusted according to profitability optimization needs, and committed to returning 100% of remaining cash to shareholders after completing business investments.