TREE NEWS reports: The Nasdaq 100 extended its gain to 2%, led by Marvell Technology up 7.2%, SanDisk up 7.8%, Datadog up 7.2% and Western Digital up 6.8%. A storage-chip index climbed 5.9% to a fresh intraday high, while the S&P 500 rose 0.9%.
Nasdaq 100 rises 2% as Marvell, SanDisk, Datadog and Western Digital rally
AI take
The leadership here is telling: storage and data-infrastructure names like SanDisk, Western Digital and Marvell are doing the heaviest lifting, with a storage-chip index hitting a fresh intraday high while the broader S&P 500 trails well behind. That concentration suggests the move is a sector-specific repricing rather than a broad risk-on wave, which makes the durability of the storage bid the key question. Whether this narrow leadership broadens out or fades as a single-session rotation is what's worth watching.
Generated by AI for reference only.
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