10 Best AI Memory Stocks to Buy in 2026

7. Seagate Technology Holdings Plc (NASDAQ:STX)

Number of Hedge Fund Holders: 93

Seagate Technology Holdings Plc (NASDAQ:STX) is one of the best AI memory stocks to buy in 2026. Mizuho lifted the price target on Seagate Technology Holdings Plc (NASDAQ:STX) to $1,090 from $875 on June 8 and maintained an Outperform rating on the shares, stating that the firm raised the company’s estimates following its quarterly AI application-specific integrated circuit roadmap call. Mizuho added that it sees potential for 35M tensor processing units in 2028, or 8-times the 4.3M units in 2026.

Seagate Technology Holdings Plc (NASDAQ:STX) also received a rating update from Wells Fargo on June 1. The firm raised the price target on the stock to $900 from $700 and reiterated an Equal Weight rating on the shares. Wells stated that last week it hosted meetings on its 4th Annual Wells Fargo Silicon Valley Bus Tour, the week before, and each one of them had a positive demand tone, ranging from AI data center build-outs to the proliferation of AI inferencing / Agentic AI, driving significant incremental server CPU demand and continued drives of memory expansion.

Seagate Technology Holdings Plc (NASDAQ:STX) is a holding company that develops, produces, and distributes data storage products and electronic data storage solutions. Its products include solid state drives, serial advanced technology attachment controllers, hard disk drives, solid state hybrid drives, peripheral component interconnect express cards, storage subsystems, and computing solutions.