On June 18, Silicon Motion Technology rose 5.35% in regular trading, trading at $328.68/share, with turnover of $48.33 million. The rally was driven by an escalating storage supply shortage narrative reinforced by multiple institutional upgrades across the memory sector.

On the news front, Aletheia Capital significantly raised its DRAM and HBM price expectations, forecasting Q3 DRAM average selling prices to rise 30% — well above prior estimates of 10%-15% — with HBM prices potentially doubling annually through next year. TD Cowen raised its Micron target price from $660 to $1,500, while Morgan Stanley flagged HDD shortages extending to at least 2028. Silicon Motion executives warned that the current NAND shortage is only the beginning, as data centers absorb 70-80% of production capacity and new fabs will not deliver meaningful output until late next year at the earliest.

Within the Semiconductors sector, peer stocks rallied in tandem: Micron Technology up 5.72%, Intel up 10.86%, Broadcom up 4.41%, and Advanced Micro Devices up 3.9%.

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