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 ().
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.