U.S. storage sector surges as Micron and SK Hynix rise over 10%

iconChainthink
Share
AI summary iconSummary
The digital asset market experienced renewed optimism as the U.S. storage sector surged on July 22, 2026. The Nasdaq Composite rose 1.29%, the S&P 500 gained 0.89%, and the Dow increased by 0.74%. The Philadelphia Semiconductor Index jumped 5.21%, its largest gain since June 22. Storage stocks led the rally, with SanDisk up over 14%, SK Hynix over 13%, and Kioxia ADR up over 17%. Micron, Western Digital, and Seagate all rose more than 12%. The Fear & Greed Index showed a sharp shift toward greed, reflecting strong market sentiment. SpaceX shares climbed over 3%, ending a seven-day decline.

ChainThink report: On July 22, according to market data, U.S. stocks opened higher and continued to rise, with all three major indices closing up. The Nasdaq rose 1.29%, the S&P 500 increased 0.89%, and the Dow Jones gained 0.74%.

The Philadelphia Semiconductor Index closed up 5.21%, posting its largest single-day gain since June 22.

The storage sector surged strongly, with SanDisk rising over 14%, SK Hynitz up over 13%, Western Digital and Micron Technology up over 12%, Seagate Technology up over 11%, and Kioxia ADR up over 17%.

SpaceX rose over 3%, ending a seven-day consecutive daily decline.

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.