$SNDK Let’s briefly analyze why the storage sector has risen in the short term. Yesterday, the European central bank’s interest-rate hike led to an increase in oil prices; oil has now surged toward three digits, directly intensifying inflation. At the same time, the broader trend of mainstream cryptocurrencies and U.S. stocks crashing has added pressure. In addition, the CEO of Kioxia unexpectedly called it bearish, causing the market to begin questioning whether the storage sector’s cyclical uptrend can continue.

In the evening, Apple’s press conference already proved that current demand is rising, and the current market move also responded accordingly.

From a short-term perspective, this rally is driven by Apple’s announcement, which has caused the storage chip cycle to extend and demand to increase again—leading to a rise in the storage sector in the short run. In the evening, U.S. stocks may rise first and then fall, so we should still keep a high-short strategy.

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