Storage-related stocks continued their upward trend early in Thursday's trading session, with SanDisk Corp. (SNDK.US) surging more than 5% to reach a new all-time high. The stock has accumulated gains of approximately 30% for the month. Micron Technology (MU.US) and Seagate Technology (STX.US) also advanced nearly 1%. Market analysts attribute the momentum to growing demand for high-bandwidth memory driven by artificial intelligence, combined with the replacement cycle for traditional servers. UBS estimates that the global DRAM market will maintain a supply-demand gap through the fourth quarter of 2027. The DRAM market is highly consolidated into a triopoly structure, limiting competitive expansion incentives on the supply side to mitigate demand shocks. As a result, upward pressure on prices is expected to persist for an extended period.