--- title: "Understanding the Market | Storage Concepts Strengthened in Early Trading, Overnight U.S. Stock Storage Stocks Hit New Highs, Supply Crisis Continues to Evolve" type: "News" locale: "en" url: "https://longbridge.com/en/news/279518397.md" description: "Storage concept stocks strengthened in the morning session. As of the time of writing, GIGADEVICE rose 6.64% to HKD 430.2; Montage Technology rose 6.8% to HKD 191.5. In addition, the double long position on Samsung Electronics rose 13.64%, and the double long position on SK Hynix rose 7.57%. On the news front, overnight U.S. stocks in the storage concept sector mostly strengthened, with Micron Tech rising 4.5% to USD 461.69, setting a new historical record, and accumulating a 61.33% increase this year. On Tuesday, March 17, local time, SK Group Chairman Chey Tae-won stated at NVIDIA's GTC conference in San Jose, California, that due to systemic bottlenecks in chip production, he expects the global memory chip shortage to likely continue until 2030. Additionally, reports indicate that the Samsung Electronics union in South Korea will vote on Wednesday regarding the largest strike plan in Samsung's history, which, if approved, will interrupt chip production in May" datetime: "2026-03-18T02:04:55.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/279518397.md) - [en](https://longbridge.com/en/news/279518397.md) - [zh-HK](https://longbridge.com/zh-HK/news/279518397.md) --- # Understanding the Market | Storage Concepts Strengthened in Early Trading, Overnight U.S. Stock Storage Stocks Hit New Highs, Supply Crisis Continues to Evolve According to Zhitong Finance APP, storage concept stocks strengthened in the morning session. As of the time of writing, GIGADEVICE (03986) rose 6.64% to HKD 430.2; Montage Technology (06809) rose 6.8% to HKD 191.5. In addition, the double long position on Samsung Electronics (07747) rose 13.64%, and the double long position on SK Hynix (07709) rose 7.57%. In terms of news, overnight U.S. stock storage concept stocks mostly strengthened, with Micron Tech rising 4.5% to USD 461.69, setting a new historical record, and accumulating a 61.33% increase this year. On Tuesday (March 17), SK Group Chairman Chey Tae-won stated at NVIDIA's GTC conference held in San Jose, California, that due to systemic bottlenecks in chip production, he expects the global shortage of memory chips to likely continue until 2030. Additionally, it was reported that the union of South Korea's Samsung Electronics will vote on Wednesday regarding the largest strike plan in Samsung's history, which, if approved, will interrupt chip production in May ### Related Stocks - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [03986.HK](https://longbridge.com/en/quote/03986.HK.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [688008.CN](https://longbridge.com/en/quote/688008.CN.md) - [603986.CN](https://longbridge.com/en/quote/603986.CN.md) - [159558.CN](https://longbridge.com/en/quote/159558.CN.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [562820.CN](https://longbridge.com/en/quote/562820.CN.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [FTXL.US](https://longbridge.com/en/quote/FTXL.US.md) - [561980.CN](https://longbridge.com/en/quote/561980.CN.md) - [588780.CN](https://longbridge.com/en/quote/588780.CN.md) - [512480.CN](https://longbridge.com/en/quote/512480.CN.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [159801.CN](https://longbridge.com/en/quote/159801.CN.md) - [07347.HK](https://longbridge.com/en/quote/07347.HK.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [588200.CN](https://longbridge.com/en/quote/588200.CN.md) - [09747.HK](https://longbridge.com/en/quote/09747.HK.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [SOXQ.US](https://longbridge.com/en/quote/SOXQ.US.md) - [159995.CN](https://longbridge.com/en/quote/159995.CN.md) - [588170.CN](https://longbridge.com/en/quote/588170.CN.md) - [159546.CN](https://longbridge.com/en/quote/159546.CN.md) - [09347.HK](https://longbridge.com/en/quote/09347.HK.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [07747.HK](https://longbridge.com/en/quote/07747.HK.md) ## Related News & Research - [Samsung Electronics eyes investment in chip packaging plant in Vietnam](https://longbridge.com/en/news/282198929.md) - [Key facts: Samsung $4B Vietnam chip packaging plan; MoU for fab](https://longbridge.com/en/news/282318127.md) - [Japan bets US$16bn to give Rapidus leg up in chip race](https://longbridge.com/en/news/282451663.md) - [$92 Million In Banned AI Chips Went From Super Micro To Little Known Chinese Tech Company](https://longbridge.com/en/news/282497405.md) - [32% TSMC Spending Surge: Massive AI Wave Heading Straight For ASML](https://longbridge.com/en/news/282875686.md)