In this article, we will take a look at 10 AI Stocks Beyond Nvidia That Could Surge in 2026.
On June 26, Ed Yardeni, president of Yardeni Research, appeared on CNBC’s ‘Squawk Box’ to discuss the latest market trends. Despite the recent global tech selloff, he stated that he continues to be bullish about the stock market, claiming that solid corporate earnings would continue to boost stocks. While acknowledging the recent loss in AI-related equities, Yardeni described the drop as a short episode of “AI fatigue” rather than the start of a broader slump.
The AI sector’s pace is also backed by enormous capital expenditures from hyperscalers, which have committed over $720 billion this year, comparable to roughly 2.5% of the US GDP. Responding to complaints that hyperscale technology companies are overspending on AI infrastructure, Yardeni addressed the question of whether massive capital expenditures on data centers will yield favorable returns.
Yardeni noted that executives at top hyperscalers often say they could rapidly ramp up computing capacity if it were available, suggesting demand is not close to being saturated. He also pointed to the persistent robustness in AI hardware demand, citing companies like Micron as evidence that the industry’s infrastructure buildout is still very much in place.
Our Methodology
To identify the 10 AI stocks beyond Nvidia that could surge in 2026, we screened for companies with significant exposure to one or more sectors of the AI value chain, including semiconductors, memory, networking, cloud infrastructure, data center equipment, and enterprise AI software. These companies have high growth potential, with an upside of at least 30%. We confined our final pick to companies that have recently seen significant developments that are likely to influence investor sentiment.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Insider Monkey’s quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 599.2% since May 2014, beating its benchmark by 372 percentage points (see more details here).
10. Adobe Inc. (NASDAQ:ADBE)
Analyst Upside: 33.36%
Adobe Inc. (NASDAQ:ADBE) ranks among the AI stocks beyond NVIDIA that could surge in 2026. Piper Sandler maintained a Neutral rating and a $240 price target for Adobe Inc. (NASDAQ:ADBE) on June 26 as the company announced the acquisition of Topaz Labs, a company that provides AI models for video and image augmentation.
The company intends to integrate Topaz Labs’ AI models with Firefly, Firefly Services, and Creative Cloud applications. Adobe Inc (NASDAQ:ADBE) will also include Topaz Labs’ patented Neurostream platform, which enables large, complex AI models to operate natively on customer devices.
According to Piper Sandler, Adobe’s competitive landscape has grown more intense in the AI and agentic era, and the firm believes that going after M&A is the best course of action.
Additionally, on June 23, Adobe Inc. (NASDAQ:ADBE) announced collaborations with technology firms and agency networks at the Cannes Lions to generate and measure customer experience solutions. In order to manage content supply chains, customer interaction, and brand visibility, the company launched Adobe CX Enterprise and CX Enterprise Coworker.
Adobe Inc. (NASDAQ:ADBE) is a provider of multimedia and digital marketing software such as Photoshop, Illustrator, and InDesign, among others. It also offers AI products such as Adobe Firefly and Adobe Sensei. The company was founded in 1982 and is headquartered in San Jose, California.
9. Broadcom Inc. (NASDAQ:AVGO)
Analyst Upside: 36.42%
Broadcom Inc. (NASDAQ:AVGO) ranks among the AI stocks beyond NVIDIA that could surge in 2026. UBS reaffirmed its Buy rating and $485 price target for Broadcom Inc. (NASDAQ:AVGO) on June 12, noting the company’s special purpose vehicle deal with Apollo and Blackstone. The firm stated that back-end supply has turned into a concern, leading to adjustments to Broadcom’s schedule for the upcoming v9 version of the Google TPU.
Although the SPV is recording already-existing agreements with OpenAI and Anthropic that Broadcom Inc. (NASDAQ:AVGO) helped scale for calendar 2027, UBS believes it helps define capacity as well as financing mechanisms. According to UBS, its model already accounts for Anthropic TPU’s around 6GW and OpenAI’s estimated 1.3GW.
The firm predicts that two-year cumulative exports might reach 20GW, or around 13GW, by calendar 2028. The estimated 13GW shipments of Anthropic and OpenAI in 2028, at $10-15 billion per GW for ASIC and networking, suggest $130-190 billion in revenue on its own, with extra contributions from GCP TPU shipments and META.
Broadcom Inc. (NASDAQ:AVGO) is a technology company that specializes in semiconductor devices (through the Semiconductor Solutions segment) and infrastructure software solutions (through the Infrastructure Software segment).
