Companies tied to memory and storage have shown incredible financial performance this earnings season. And they’re not done yet.
Top AI Memory Stocks to Buy
Earnings calls have proven how memory supply is tight, especially for DRAM and NAND. This is key for AI, so it’s in demand.
Of course, this is great for companies selling memory and related products. Looking financial performance and institutional interest, here are three top AI memory stocks for 2026.
First is Micron (MU). The nearly $800 billion company is up 706% in the past year.
The analyst per-share earnings estimate for FY 2026 is $57.10. And for next year, it’s a whopping $95.65:
When expectations keep soaring, institutions tend to buy. MoneyFlows data shows shares being bought heavily in June 2025 at $106 per share and it’s not slowing down past $600:
Next up is SanDisk (SNDK), a spinoff that began trading last year. The company’s flash storage products are proving to be important for AI infrastructure.
SNDK’s timing couldn’t be better in terms of meeting demand. The $220 billion company is up 493% year-to-date and 3,391% in the last year.
Its last earnings report was incredible and guidance was even better. For Q4, SanDisk expects revenue to reach $8 billion at the midpoint versus $6.62 billion from analysts. It thinks EPS will reach $31.50 at the midpoint, compared to $23.38 from Wall Street.
The average selling price of its in-demand products speaks volumes:
The institutional footprint all over this rise is impossible to deny. Big Money began buying around $50 per share and now the price is now over $1,400:
Lastly, let’s examine Western Digital (WDC), which was the company that spun off SNDK. Western Digital focuses on hard disk drives and has a $195 billion market capitalization.
So far this year shares are up 180% and they’ve gained 990% in the last year. This is another high-flying institutional darling.
It beat Q3 earnings estimates and for Q4, EPS is expected to be $3.25 at the midpoint compared to analysts’ expectations of $2.75. Also, this year’s net income is set to reach $3.7 billion and up to $9 billion in 2028:
WDC shares have benefited from institutional buys, which began at $54 per share – the latest price reached a staggering $483:
This trio of stocks has soared this year, blowing past expectations on the back of Big Money.
Break Away
Institutions have pushed AI memory stocks higher, no doubt. And while it’s been a high climb, it could just be getting started.
To know where the institutional money is flowing, you need MoneyFlows data. It’s how you break away from the pack.
If you are a Registered Investment Advisor (RIA) or a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.
Disclosure: the author holds no positions in MU, SNDK, or WDC at the time of publication.
