U.S. Storage Chip Index Surges 6.29% on June 18, Breaks Previous Record

On June 18, the U.S. storage chip and hardware supply chain index surged 6.29% to 266.26 points, breaking the previous closing record of 253.05 from June 15.

All component stocks rallied, with SanDisk leading the charge at +11.54%, marking a new closing high two trading days later. Micron Technology rose 8.70% to a fresh closing high; Western Digital climbed 4.79% for a fourth consecutive day of record closes, gaining 52.27% since June 11. Rambus and Teradyne also posted gains of 8.51% and 7.19% respectively, continuing their four-day rally to record highs.