The Zhitong Finance App learned that on Tuesday, the storage sector started to strengthen collectively. SK Hynix (SKHY.US) rose more than 10%, SanDisk (SNDK.US) rose more than 6%, Western Digital (WDC.US) and Seagate (STX.US) rose more than 4%, and Micron Technology (MU.US) rose more than 3%. According to reports, SK Hynix has officially started mass production and shipment of the 12-layer HBM4 to Nvidia, and the product has entered a phase of climbing capacity. Unlike previously supplied products, which were all classified as samples, this is the first time that HBM4 has completed the final specifications of all quality certifications for Nvidia's next-generation AI platform “Vera Rubin”. It is reported that starting in September of this year, SK Hynix will officially expand the HBM4 shipment scale to fully meet Nvidia's demand for high-end computing power chips.

Furthermore, the US CPI fell to 3.5% per annum in June, the biggest monthly decline since 2020, and the core CPI remained flat at 2.6%. As overall inflation in the US fell as scheduled in June, traders drastically cut their bets on the Fed's interest rate hike, which also boosted the sharp strengthening of storage.

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