Overnight, the U.S. stock market index swung and weakened. U.S. Treasury yields rebounded, weighing on growth stocks, while the storage sector showed a clear split.

After climbing to highs, Micron and Western Digital ran into profit-taking, with notable intraday volatility. Although the long-term demand thesis for AI servers driving HBM and high-end storage has not been broken, the fundamentals remain intact—original manufacturers’ price hikes and long-term contract (LTA) orders are still in place. However, following a prior round of sharp gains, the sector’s valuation has already reached a relatively high level, and capital has started to become cautious.

The market is currently in a sensitive window in September, and macro data as well as the Fed’s remarks will amplify sector volatility. Many investors are choosing to lock in gains. In the near term, the focus is more on a range-bound “shakeout” to digest the previous rally’s accumulated positions.

At this point, it’s not advisable to blindly chase higher prices. You may trim positions modestly on strength to control risk. Going forward, the key focus should be on the original manufacturers’ shipment guidance and AI server order data. Wait for a pullback to stabilize before looking for opportunities.#ARB上涨30%受Robinhood链收入推动