Barclays Picks 5 Stocks for $1T AI

Barclays projects annual AI infrastructure spending to exceed $1 trillion, about $300 billion above consensus, with a peak around 2028.
After a 2023 post‑pandemic memory price slump, the sector now records strong earnings as AI data‑center demand surges.
Barclays highlights five US memory stocks—Micron, Western Digital, SanDisk, Seagate Technology and Pure Storage (Everpure)—all seeing demand‑driven upgrades.
SanDisk’s share has surged over 3200% year‑to‑date, driven by massive NAND flash demand for AI data‑center storage.