On July 21, Silicon Motion Technology rose 5.19% in pre-market trading, trading at $266.0/share, with turnover of $297,800. The storage sector saw a broad pre-market rebound driven by a bullish Morgan Stanley call.

Morgan Stanley stated that memory is increasingly becoming a major bottleneck in AI infrastructure buildout, a structural constraint expected to persist for years. The firm estimated Q3 data center memory prices rose at least 25% quarter-over-quarter versus Q2, exceeding both its own and third-party forecasts. Morgan Stanley argued that storage stocks' risk-reward profiles are rapidly converging with those of NVIDIA and Broadcom, maintaining a positive outlook on the sector and characterizing the recent pullback as an attractive buying window.

Within the Semiconductors sector, peer stocks rallied in tandem: SK hynix up 6.73%, Micron Technology up 6.13%, Intel up 5.67%, Advanced Micro Devices up 4.35%, and NVIDIA up 1.11%.

(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.)