Semiconductor positive news, giants surge! Storage big bull stock suddenly遭“air raid”

【Introduction】Technology Stocks Rise in U.S. Markets, SanDisk Stock Hit by “Airstrike” and Plummets

Last night, the U.S. stock market received positive news, with major tech giants rising collectively.

Major U.S. Stock Indices Close Higher

On February 24th (Tuesday) Eastern Time, the three major U.S. stock indices opened slightly higher and closed with gains.

By the close, the S&P 500 rose 0.77% to 6,890.07 points; the Nasdaq Composite increased 1.04% to 22,863.68 points; the Dow Jones Industrial Average gained 0.76% to 49,174.5 points.

On February 24th, local time, President Trump will deliver the annual State of the Union address to Congress, with market attention on his statements regarding Middle East geopolitics and tariffs.

Additionally, Nvidia will release its earnings after the market closes this Wednesday, which is also closely watched.

Tech Sector Leads Market Rally

The “Big Seven” tech giants in the U.S. stock market all rose, with Tesla and Apple up over 2%, Amazon and Microsoft up over 1%. Positive news catalyzed AMD’s sharp intraday rise, and the semiconductor sector performed notably.

According to Reuters, the latest forecast shows that Microsoft, Google, Amazon, and Meta plan to invest over $650 billion (about 4.5 trillion RMB) in AI by 2026. The funds will be allocated to new data centers and a range of equipment including AI chips, network cables, and backup generators.

In company news, Meta has reached a massive “chip + equity” subscription agreement with AMD. Meta will deploy up to 6 gigawatts of AMD computing chips, representing a multi-year order worth $60 billion. Under certain milestone conditions, Meta can buy up to 160 million AMD shares at $0.01 each, equivalent to a 10% stake in AMD. By the close, AMD rose 8.77%.

According to Apple leakster Mark Gurman, the first touch-screen MacBook Pro will be unveiled this fall. The new model will feature a touch-optimized system interface and a “Dynamic Island” similar to the iPhone.

SanDisk Hit by Negative News

Short-selling firm Citron Research announced it has established a short position against storage giant SanDisk. Following this, SanDisk’s stock plunged intraday but then recovered to close down 4.2%.

According to media reports, Citron believes the market is mispricing NAND storage companies, viewing them as long-term AI core assets with a strong moat, which is a clear mismatch. NAND remains a highly supply-dependent commodity industry that has historically peaked during high-margin cycles. Meanwhile, as industry leader Samsung restores capacity and yield rates and ramps up high-end SSDs, the current “shortage” could quickly disappear.

PayPal Rises Toward Close

Market reports indicate that payment processor Stripe is considering acquiring all or part of PayPal’s assets. PayPal’s stock rose toward the close, ending up 6.74%.