# U.S. stocks opened higher in a modest risk-on move, led by AI‑linked storage names like Micron and Western Digital.

*fintech · news · 2026-05-05 · Crypto News*

## Key points

- Micron Technology climbed 6% as investors increasingly view storage stocks as key AI infrastructure plays.
- Western Digital and SanDisk also outperformed, up 3.5% and 3% respectively, driven by AI demand.
- Analysts say strong AI server and hyperscale data center demand is driving a sector re-rating for storage stocks.
- PayPal dropped 10% after issuing a lackluster 2026 profit outlook, missing Wall Street growth expectations.

**Companies:** PayPal, Micron Technology, Western Digital, SanDisk
**Countries:** United States

[Read the full story on Crypto News](https://crypto.news/u-s-stocks-open-higher-as-storage-names-rally-and-paypal-sinks/)

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