According to CoinMeta, data from the Gate platform shows that driven by expectations of the Federal Reserve pausing interest rate hikes and strong financial reports from tech giants such as Microsoft, the overall U.S. stock market has significantly rebounded, with the semiconductor and storage sector leading the gains. SanDisk (SNDK) is currently trading at $1,280.40, with a gain of 26.14%, and SK Hynix (SKHY) is trading at $148.96, with a gain of 17.47%. Along with the sharp fluctuations and strong increases in the prices of these two stocks, the activity and open interest in derivatives trading on the Gate platform have continued to rise. The open interest for Gate SNDK contracts reached $151 million, and for Gate SKHY contracts, it reached $121 million, both figures ranking second among centralized exchanges.