US memory stocks, including Micron, Western Digital, SanDisk, and Seagate Technology, are rebounding despite earlier declines linked to market turbulence and Google’s TurboQuant algorithm. Morgan Stanley’s recent channel checks indicate a rebound in demand and a favorable pricing outlook, leading to increased price targets for Seagate and Western Digital. Analysts at Bernstein and Bank of America argue the market overreacted to negative catalysts, particularly TurboQuant, which was perceived as a threat to memory demand. With the AI boom driving significant supply and demand imbalances, memory stocks are regaining their momentum. Monday’s trading reflects a shift back to traditional market patterns where these stocks thrive. Despite initial setbacks in March due to geopolitical tensions and algorithm concerns, the current surge demonstrates resilience and strong market positioning. The overall sentiment suggests substantial recovery and optimism for the memory sector as it capitalizes on ongoing tech advancements.
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