On June 25, Silicon Motion Technology rose 7.78% in regular trading, trading at $347.29/share, with turnover of $29.81 million.

On the news front, Micron Technology released its fiscal Q3 earnings after market close on June 24, reporting revenue of $41.46 billion (up 346% YoY), adjusted gross margin of 84.9%, and net income of $28.24 billion — all record highs. Q4 revenue guidance of approximately $50 billion far exceeded market expectations. Management stated that storage supply-demand tightness will persist beyond next year, having signed 16 long-term strategic supply agreements to lock in elevated pricing levels.

Silicon Motion, as the global leading independent SSD controller chip company, directly benefits from the storage upcycle. The company's SVP Nelson Duann previously warned that NAND shortages are \"just the beginning,\" with data centers absorbing 70-80% of capacity and new fabs not delivering meaningful output until at least late next year. Wedbush recently raised its price target on the stock to $400 from $230, maintaining an Outperform rating.

Within the Semiconductors sector, Micron Technology surged 18.36%, Intel rose 6.51%, AMD gained 5.19%, and Marvell Technology added 4.2%, reflecting broad sector strength.

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