Memory and storage stocks rallied broadly Monday after Elon Musk said memory, not compute, is the rate limiter for AI. SanDisk surged 8% to $1,778, Western Digital rose 6% to $540, and Micron gained 5% to $1,017, back above $1,000 for the first time since July 23. The Roundhill Memory ETF advanced 5% to $60.20, and Seagate rose 2% to $992, extending its 254% year-to-date gain. Analysts piled on with price target hikes, including New Street upgrading Micron to Buy with a $1,250 target and Bank of America reiterating Buy with a $1,550 target, projecting fiscal 2030 EPS of $200 to $250, nearly double the Street consensus peak of $160 to $170.
Seagate Technology PLC
Western Digital Corporation
Bank of America Corp
Tesla Inc
