On July 21, Silicon Motion Technology rose 5.78% in regular trading, trading at $268.16/share, with turnover of $15.45 million, as the storage sector staged a broad-based rally.

On the news front, Morgan Stanley issued a bullish call on the storage sector, estimating that Q3 data center memory prices will rise at least 25% quarter-over-quarter, above prior forecasts. The firm argued that memory is increasingly becoming a primary bottleneck in AI infrastructure buildout — a structural constraint expected to persist for years. Morgan Stanley noted that the risk-reward profile of storage stocks is rapidly catching up to that of NVIDIA and Broadcom, characterizing the recent pullback as an attractive buying window.

Within the Semiconductors sector, peer stocks rallied in unison: SK hynix rose 9.07%, Micron Technology rose 8.32%, Intel rose 6.46%, Advanced Micro Devices rose 5.97%, and NVIDIA rose 1.33%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)