US Stocks Movement | Some storage chip concept stocks rebound sharply after oversold, SK Hynix (SKHY.US) rises nearly 4%

According to Zhitong Finance APP, on Friday, some storage chip concept stocks rebounded after heavy declines, with SK hynix (SKHY.US) rising nearly 4%, Micron Technology (MU.US) gaining over 3%, and SanDisk (SNDK.US) up 2%. In terms of news, on October 23, SK hynix announced its decision to suspend the IPO plan of its American storage subsidiary Solidigm and also paused pre-listing investments and the initial public offering process in the United States; the company stated that Solidigm had considered various financing options to expand production capacity and improve competitiveness, but after taking into account changes in the capital market environment, it decided to halt the related plans.