On Thursday, storage stocks continued to strengthen, with Micron Technology (MU.US) increasing by more than 7% to set a new all-time high. Western Digital (WDC.US) rose over 6%, while Seagate Technology (STX.US) increased by nearly 4%. This surge follows an upgrade from Morgan Stanley, which raised its rating on Micron from "Hold" to "Overweight" and significantly increased its price target from $160 to $220. This adjustment is attributed to the ongoing price increases of core DRAM products, which have consistently exceeded market expectations. Despite Micron's strong recent performance, Morgan Stanley believes there is still potential for further price appreciation. Additionally, according to CCTV Finance, global memory chip prices have been rising steadily over the past six months, with price increase announcements becoming increasingly frequent in the last month. Morgan Stanley's latest research report predicts that the memory chip industry is expected to enter a "super cycle" fueled by the AI boom.