In this article, we will look at the 10 Best AI Memory Stocks to Buy in 2026.
Ohsung Kwon, Wells Fargo’s chief equity strategist, appeared on CNBC’s ‘Squawk on the Street’ on June 18 to talk about how markets are digesting the macro landscape and how equity markets rebalance themselves, among other things.
He was of the view that we shouldn’t read too much into yesterday’s market reaction, as he thinks that the market overreacted, at least a little bit. He didn’t perceive it as hawkish but rather more balanced than what the market perceived. Kwon believes that the path of direction for the equity market is still higher, and raised their S&P target to 7,950 by year’s end.
READ ALSO: 15 Best NASDAQ Stocks to Buy and Hold For 3 Years AND 12 Best NYSE Stocks to Buy for Long-Term Investment.
He thinks there was a sentiment reset after the mini reset we saw last week, and the macrocycle, which he was questioning and getting nervous about on the inflation front, with oil prices coming down to about $70. According to him, inflation is going to continue to come down for the next two months or so. Kwon further stated that he believes the market is going to broaden out a little bit. If the Fed were more dovish yesterday, we would have seen a full broadening out in the market.
With these broader market trends in view, let’s look at the best AI memory stocks to buy in 2026.
Our Methodology
We used stock screeners and online sources to identify the best stocks related to the AI memory industry and then selected the top 10 stocks most popular among hedge funds as of Q1 2026, using the hedge fund sentiment data from Insider Monkey’s database. The stocks are arranged in ascending order of hedge fund sentiment.
Note: All data was recorded on June 17.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10 Best AI Memory Stocks to Buy in 2026
10. KLA Corporation (NASDAQ:KLAC)
Number of Hedge Fund Holders: 71
KLA Corporation (NASDAQ:KLAC) is one of the best AI memory stocks to buy in 2026. The stock has gained 113.61% YTD and is gaining attention due to its strength. It has received several rating updates in recent days, with Barclays raising the price target on the stock to $2,250 from $1,700 on June 11 and maintaining an Overweight rating on the shares. The firm told investors in a research note that it raised its estimates for wafer fab equipment, reasoning that the capex cycle is “much stronger across the board.” It added that over $200 billion in sales looks likely in 2027, but the “world has moved to 2028 already”, and so it raised price targets in the wafer fab equipment group.
KLA Corporation (NASDAQ:KLAC) also received a rating update from Cantor Fitzgerald on June 10, with the firm lifting the price target on the stock to $2,500 from $2,000 and reaffirming an Overweight rating on the shares. The firm believes that the semi equipment industry is in the “early innings of a multi-year supply-constrained and durable upcycle” and told investors in a research note that the outlook has improved over the last three months, with bookings visibility now beginning to extend into 2028.
KLA Corporation (NASDAQ:KLAC) is involved in the supply of process control and yield management solutions for the semiconductor and related nano-electronics industries. The company’s operations are divided into the following operations: Semiconductor Process Control, Specialty Semiconductor Process, and PCB, Display and Component Inspection.
9. Marvell Technology, Inc. (NASDAQ:MRVL)
Number of Hedge Fund Holders: 79
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best AI memory stocks to buy in 2026. Marvell Technology, Inc. (NASDAQ:MRVL) received a rating update from KeyBanc on June 18. The firm lifted the price target on the stock to $385 from $260 and maintained an Overweight rating on the shares, stating that it recently hosted investor meetings with the company and left more constructive around the DC networking opportunity, especially around Scale Up, where silicon photonics and the acquisition of Celestial AI will help the company differentiate. KeyBanc added that given the arch shifts in DC, the firm views networking as increasingly being a focus for investors, as it considers it as more durable vs. custom XPUs, where despite line of sight to $10B by FY29, the sustainability appears less clear long-term.
Marvell Technology, Inc. (NASDAQ:MRVL) also received a rating update from B. Riley on June 12, with the firm lifting the price target on the stock to $345 from $240 and reaffirming a Buy rating on the shares
Marvell Technology, Inc. (NASDAQ:MRVL) designs, develops, and sells integrated circuits. The company’s offerings include security solutions, data processing units, ethernet controllers, automotive, ethernet switches, ASICs, and more. Headquartered in Wilmington, Delaware, its operations are divided into the following geographical segments: the United States, Singapore, Israel, India, China, and Others.
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.
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.
6. Intel Corporation (NASDAQ:INTC)
Number of Hedge Fund Holders: 112
Intel Corporation (NASDAQ:INTC) is one of the best AI memory stocks to buy in 2026. Reuters reported on June 16 that Intel Corporation (NASDAQ:INTC) has announced the entry of the new generation of its 18A manufacturing process into risk production, as the company sees strong demand for its central processors. It further stated that by moving 18A-P into initial production, Intel Corporation (NASDAQ:INTC) aims to demonstrate that it is following through on its manufacturing commitments, which could potentially make the technology more appealing to external customers. Reuters added that finance chief David Zinsner said in March that the company’s CEO, Lip-Bu Tan, has started recognizing 18A as a potential offering for external clients, changing the earlier perspective that the process would generate returns only through the company’s own products.
In another development, Intel Corporation (NASDAQ:INTC) unveiled new innovations at Computex 2026 on June 2, addressing the chip-to-systems-level AI needs of customers with solutions tailored to their specific industry challenges. These included new rackscale AI infrastructure, Agentic Cloud Offering for Disaggregated Inference, deep industry solutions, Intel Xeon 6+ processors, and PC, gaming handheld, and physical AI momentum.
Intel Corporation (NASDAQ:INTC) is involved in the design, sale, and manufacture of computer products and technologies. It delivers data storage, computer, networking, and communications platforms. The company’s operations are divided into the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Intel Foundry Services (IFS), and All Other.
While we acknowledge the potential of INTC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than INTC and that has 100x upside potential, check out our report about the cheapest AI stock.
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