India, Aug. 17 -- Elon Musk says memory could be AI's next big bottleneck. Tesla and SpaceX CEO Elon Musk recently agreed with the view that memory, rather than computing power, could become the main limit for the next phase of artificial intelligence. Musk responded to technology executive Peter H. Diamandis on X on August 14, saying, "Few realize this."

The comment is important for memory and storage stocks. Companies such as SK Hynix, Micron and Sandisk have benefited heavily from the rapid growth of AI. Memory was once seen as a basic commodity business, but the rise of agentic AI is turning memory and storage into a key part of AI infrastructure, according to The Motley Fool.

Memory and storage stocks have already seen huge gains. ...