This week, the US stock market storage chip index rose more than 3.3%, and Seagate's share price has more than doubled in eight weeks.

This week, constituent stock Sandisk rebounded by 5.05%; Western Digital pulled back by 0.47%; Seagate Technology rose by 2.17%, marking its eighth consecutive week of gains (on May 11, it climbed to $834.01, setting a new closing high)—an accumulated increase of 113.83% since April; Rambus rebounded by 12.54%; Lam Research rebounded by 7.25%; Applied Materials pulled back by 3.92%; Micron Technology rebounded by 3.63%; and Teradyne rebounded by 6.13%.