10 Best AI Memory Stocks to Buy in 2026

8. Western Digital Corporation (NASDAQ:WDC)

Number of Hedge Fund Holders: 83

Western Digital Corporation (NASDAQ:WDC) is one of the best AI memory stocks to buy in 2026. JPMorgan lifted the price target on Western Digital Corporation (NASDAQ:WDC) to $650 from $530 on June 12 and maintained an Overweight rating on the shares, telling investors in a research note that the firm is raising its earnings forecasts for the HDD companies primarily led by a more positive view on pricing, and in turn, the incremental margins that the companies are expected to report in the coming quarters.

JPMorgan added that while the companies have already turned a corner in reporting year-over-year increases in pricing together for the first time in the March quarter, the firm anticipates seeing the year-over-year price increases for the industry to accelerate in the coming quarters with sequential price increases sustaining in the low- to mid-single digit range and cumulatively supporting the acceleration in pricing.

Western Digital Corporation (NASDAQ:WDC) also received a rating update from Wells Fargo on June 1. The firm raised the price target on the stock to $575 from $500 and reiterated an Overweight rating on the shares.

Western Digital Corporation (NASDAQ:WDC) is involved in the development, manufacture, marketing, and sale of data storage devices and solutions.