U.S. stocks with memory chip gains, Micron Technology up 4%, NIO surges 10%, crude oil plunges

On the evening of March 10 Beijing time, U.S. stocks opened mixed; as of the time of writing, all three major indexes were trading in the red.

U.S. technology stocks strengthened. In early trading, storage-related concepts rose across the board: Coherent gained nearly 5%, Micron Technology and Western Digital rose more than 4%, while Intel and SanDisk rose by about 3%. Storage chip price increases may run through all of 2026, and companies such as OPPO, Xiaomi, Apple, Samsung, Dell, and others have raised prices across the board.

In the optical communication concept sector, multiple stocks showed strong momentum: AAOI rose more than 10%, Lumentum rose more than 9%, and Corning rose more than 4%.

Bank stocks rebounded collectively: Citigroup rose more than 3%, Lloyds and Barclays rose more than 2%, and Morgan Stanley, Deutsche Bank, and Jefferies followed higher.

U.S. mining stocks strengthened, while oil stocks fell. Kordellon Mining rose more than 4%, and ConocoPhillips, Exxon Mobil, and others fell more than 1%.

Crude oil plunged: WTI crude oil and Brent crude both fell by more than 7%.

According to Xinhua News Agency, U.S. President Trump said at a press conference held in Miami, Florida on the 9th that the U.S. military action against Iran would “end very soon,” but “not this week.”

According to CCTV News, local time on the 10th, U.S. Defense Secretary Hegseth said that on that day, the U.S. military would carry out the “highest-intensity” strikes in the military action against Iran.

According to CCTV News, local time on the 10th, the speaker of Iran’s parliament, Kalibaf, said on his personal social media that “we will never seek a ceasefire.” “We firmly believe that we must strike the invaders head-on, make them learn their lesson, and never dare to entertain thoughts of violating Iran again.”