After eight consecutive declines of the Philadelphia Semiconductor Index, memory leads the rebound! Morgan Stanley claims the HDD super cycle is not over, Seagate and Western Digital are expected to surge by 80%

According to Zhihu Finance APP, the Philadelphia Semiconductor Index, known as the "key barometer for global AI computing power and semiconductor trading" in the US stock market, ended its eight-day losing streak on Monday. The storage chip industry chain led the gains in the US stock market. Against this backdrop, Wall Street financial giant Morgan Stanley issued a strong bullish research report on the two leading US-based HDD (hard disk drive, commonly referred to as "mechanical hard drives") superpowers—Western Digital (WDC.US) and Seagate (STX.US)—fueling the short-term rebound of the global semiconductor sector in the stock market. Morgan Stanley's main judgment is that the HDD super upcycle is still ongoing, but previous stock prices had already excessively priced in profit peaking and intensifying price competition.