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).
8. Meta Platforms Inc. (NASDAQ:META)
Analyst Upside: 50.28%
Meta Platforms Inc. (NASDAQ:META) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, Meta Platforms Inc. (NASDAQ:META) launched a new set of $299 smart glasses, at a minimum $80 less expensive than the company’s entry-level second-gen Meta Ray-Ban glasses. The tech giant is actively promoting its smart glasses to consumers as the eyewear market competition intensifies and consumers see increasing value in AR-based devices.
Meanwhile, Evercore ISI maintained its Outperform rating and $930 price target for Meta Platforms Inc. (NASDAQ:META) on June 17, after the company’s introduction of consumer and commercial paid subscription services spanning its Family of Apps and new Meta One AI subscription products.
Meta Platforms Inc. (NASDAQ:META) is launching consumer app-level Plus subscriptions for Facebook, Instagram, and WhatsApp, as well as consumer Meta One AI tiers that combine app-level benefits with increased Meta AI use. Evercore predicts that, with every 1% adoption among around 5.9 billion cumulative daily active users at a combined average revenue per user of $3.50, the products would produce an additional $2.5 billion in annual revenue.
Meta Platforms Inc. (NASDAQ:META) develops products that allow people to share and connect with their family and friends using PCs, mobile devices, VR headsets, and AI glasses. Some of its apps include Facebook, Instagram, and WhatsApp. It operates in the Reality Labs and Family of Apps segments.
7. Microsoft Corporation (NASDAQ:MSFT)
Analyst Upside: 59.31%
Microsoft Corporation (NASDAQ:MSFT) ranks among the AI stocks beyond NVIDIA that could surge in 2026. Following Microsoft Corporation (NASDAQ:MSFT)’s product announcements, JMP Securities reaffirmed its Market Outperform rating and $550 price target for the company’s shares on June 23. On June 16, Microsoft Corporation (NASDAQ:MSFT) stated that Copilot Cowork will be available globally and billed depending on usage.
On the same day, Stifel reaffirmed its Hold rating and $415 price target for Microsoft Corporation (NASDAQ:MSFT) after the tech giant announced a 20-year power deal with Chevron. The power agreement, known as Project Kilby, is currently in the pre-construction stage. The project will remain in that stage until a Final Investment Decision is made at year-end 2026.
The first power delivery from Project Kilby is anticipated in 2028. According to Stifel, this is the earliest schedule that is feasible, though the project might take longer based on the legal landscape and actual economic value generated.
Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops and sells a wide range of software, cloud services, devices, and business solutions, serving both individual users and enterprise customers worldwide. Its flagship products include Windows, Microsoft 365, Azure, LinkedIn, and Xbox.
6. Salesforce Inc. (NYSE:CRM)
Analyst Upside: 64.08%
Salesforce Inc. (NYSE:CRM) ranks among the AI stocks beyond NVIDIA that could surge in 2026. Following the company’s acquisition announcement for Fin, Citizens retained a Market Outperform rating and a $315 price target for Salesforce Inc. (NYSE:CRM) on June 23. Salesforce Inc. (NYSE:CRM) announced on June 15 that it had inked a definitive deal to acquire Fin for about $3.6 billion.
The purchase is planned to be completed in the fourth quarter of Salesforce’s fiscal year 2027. Salesforce Inc. (NYSE:CRM) stated that the anticipated timeframe doesn’t impact its FY27 financial projection or capital return plans.
After a successful conclusion, Fin’s patented models and packaged products will supplement Agentforce with more fast-to-value deployment choices for service companies, especially SMB and commercial clients who must launch fast and interact with current systems.
Moreover, Salesforce Inc. (NYSE:CRM) has collaborated with the Visa Cash App Racing Bulls Formula One Team to utilize AI tools for fan interaction and team processes. The partnership will use Salesforce’s Agentforce 360 platform and Slack to improve global operations and fan engagement.
Salesforce Inc. (NYSE:CRM) is a global enterprise software company that provides customer relationship management (CRM) and cloud-based business applications across sales, service, marketing, commerce, and data analytics. Its Customer 360 platform, powered by data tools and trusted AI, enables organizations to unify customer data and drive personalized engagement.
While we acknowledge the potential of CRM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRM and that has 100x upside potential, check out our report about the cheapest AI stock.
Click to continue reading and see the 5 AI Stocks Beyond Nvidia That Could Surge in 2026.
Disclosure: None. Follow Insider Monkey on Google News.
