In this article, we will be looking at the 10 Best Performing AI Stocks to Buy.
On April 14, Reuters reported that OpenAI’s $852 billion valuation is now being questioned by some of its own backers. This comes as the company shifts its focus toward the enterprise market in an effort to compete more effectively with rivals like Anthropic, according to a report by the Financial Times.
In March, OpenAI raised $122 billion in what could become the largest fundraising round in Silicon Valley history. Despite this, the company has redrawn its product roadmap twice in the past six months. These changes were made in response to growing competition, first from Google and later from Anthropic.
Some OpenAI investors are concerned that these changes in strategy could weaken the company’s position, leaving it vulnerable to Anthropic and a resurgent Google. This comes as OpenAI is preparing for an initial public offering as early as this year. Some industry observers have even suggested that Anthropic’s pace of revenue growth could surpass OpenAI’s within a couple of months.
However, OpenAI’s Chief Financial Officer, Sarah Friar, pushed back against these concerns and said that the indication that investors do not support the company’s strategy is not accurate.
In a statement shared with Reuters, an OpenAI spokesperson also pointed out that the company’s funding round was “oversubscribed, completed in record time and backed by a broad set of leading global investors, reflecting strong conviction in both our direction, current business momentum, and long-term value.”
With this context in mind, let’s take a look at the 10 best-performing AI stocks to buy.
Our Methodology
To compile our list of the 10 best-performing AI stocks to buy, we looked for the largest and most popular AI companies. We reviewed Insider Monkey’s database of prominent AI stocks and various online resources to compile a list of more than 50 AI stocks. Next, we looked for stocks that have gained the most over the past 6 months. Finally, we ranked the 10 best-performing AI stocks to buy based on their 6-month performance as of April 13, 2026. These stocks are also popular among elite hedge funds.
Why do we care about what hedge funds do? 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. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
10 Best Performing AI Stocks to Buy
10. Marvell Technology, Inc. (NASDAQ:MRVL)
6-Month Performance: 43.74%
Marvell Technology, Inc. (NASDAQ:MRVL) is one of the best-performing AI stocks to buy. On April 9, Cantor Fitzgerald raised its price target on Marvell Technology, Inc. from $100 to $120 and maintained its Neutral rating on the stock.
The research firm noted that AI remains a strong theme in the market, while everything else is “not.” However, Cantor Fitzgerald pointed out that the larger question is when investors will move to a more “risk-on” approach after recent reductions in positions. The firm said that with a pause in the Iran conflict and a 15% decline in the semiconductor index (SOC) by the end of the March quarter, it believes that a shift toward risk-taking could happen now or in the near future. Cantor Fitzgerald added that memory and semiconductor production equipment (SPE) companies are expected to benefit first from the risk-on environment. The research firm is also positive on compute, where the demand remains strong despite valuations appearing “disconnected” with reality.
Also on April 9, Barclays upgraded its rating on Marvell Technology, Inc. from Equal weight to Overweight and raised its price target from $105 to $150. Analyst Tom O’Malley noted that industry checks indicate optical ports should double in 2026 and then double again in 2027.
Based on the firm’s estimates, Marvell Technology, Inc.’s optical segment could grow by around 90% this year and next, even considering some loss of market share to Broadcom Inc. (NASDAQ:AVGO).
Marvell Technology, Inc. is an American company that develops and produces semiconductors and related technology for various applications, including AI, data centers, compute, networking, and storage infrastructure.
9. ASML Holding NV (NASDAQ:ASML)
6-Month Performance: 50.13%
ASML Holding NV (NASDAQ:ASML) is one of the best-performing AI stocks to buy. On April 10, UBS named a group of “European Leaders,” which are companies expected to benefit from major structural trends like AI, automation, decarbonization, infrastructure, demographics, and financial reform. These companies are part of UBS’s Global Equity Focus List, which includes its highest-conviction stock ideas based on fundamentals, valuation, and long-term growth potential.
ASML Holding NV is one of the companies on this list. UBS noted that ASML Holding NV has a near-monopoly in EUV technology, which makes it indispensable to AI and high-performance computing growth. The research firm noted that the company enjoys strong pricing power and a long-term demand visibility position, putting it in a strong position for future growth.
Earlier, on April 8, BofA Securities pointed out that it continues to see ASML Holding NV as its top pick in the semiconductor sector. The firm expects the global semiconductor sector to grow significantly and reach a total size of $2 trillion by 2030.
Based on updated estimates, BofA expects ASML Holding NV’s EPS in 2030 to be between EUR 58.4 and EUR 89.5, with a midpoint of EUR 73.2. This suggests a compound annual growth rate of about 23%, supported by solid demand and the company’s strong position in semiconductor manufacturing equipment.
ASML Holding NV is a Dutch company that designs and develops advanced semiconductor equipment systems, including photolithography machines, which are used to produce chips.
8. Bloom Energy Corporation (NYSE:BE)
6-Month Performance: 51.67%
Bloom Energy Corporation (NYSE:BE) is one of the best-performing AI stocks to buy. On April 9, Susquehanna lowered its price target on Bloom Energy Corporation from $176 to $173 and maintained a Positive rating on the stock. The research firm is updating its estimates and price targets for alternative energy stocks ahead of Q1 earnings.
This update comes after Bloom Energy Corporation reported a record revenue of $2.2 billion for the full year 2025. This strong performance was driven by significant growth in the AI data center sector and continued strength in the commercial and industrial (C&I) business. The company also achieved its highest-ever full-year gross margin and saw its product backlog grow 2.5 times compared to the previous year. When Bloom Energy Corporation reported its Q4 and full-year 2025 results, total product backlog stood at around $6 billion.
Earlier, on March 27, Jefferies also reduced its price target on Bloom Energy Corporation from $102 to $97 and kept an Underperform rating on the stock.
The research firm forecasts Q1 to reflect steady execution in line with FY26 guidance. However, Jefferies expects to see limited incremental catalysts. The firm also noted that expectations for Bloom Energy Corporation remain high, “making this uniquely risky.”
Bloom Energy Corporation designs and manufactures fuel cell systems for on-site power generation for data centers, semiconductor manufacturing, large utilities, and other commercial and industrial sectors.
7. Intel Corporation (NASDAQ:INTC)
6-Month Performance: 67.60%
Intel Corporation (NASDAQ:INTC) is one of the best-performing AI stocks to buy. On April 9, TD Cowen increased its price target on Intel Corporation from $50 to $60 and kept its Hold rating on the stock.
Analyst Joshua Buchalter noted that Intel Corporation is in a strong position to benefit in the near term from the changing demand for server CPUs and shortages because it is not dependent on Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) for capacity. TD Cowen noted that although Intel Corporation has outsourced some PC components and tiles to Taiwan Semiconductor Manufacturing Company Limited, its server CPU production is largely done in-house.
The research firm added that Intel Corporation may capture additional server demand thanks to insulation from Taiwan Semiconductor Manufacturing Company Limited bottlenecks. TD Cowen pointed out that this depends on the company’s ability to produce more advanced node parts and on customer demand, which has recently leaned more toward older 10/7 generation Intel Corporation products.
Additionally, TD Cowen noted that Intel Corporation is trading at about 63 times its expected EPS for 2027. While the firm sees some recent progress, it still finds the stock’s valuation difficult to justify.
Intel Corporation is an American company that manufactures central processing units (CPUs) and semiconductors.
6. Nokia Oyj (NYSE:NOK)
6-Month Performance: 80.19%
Nokia Oyj (NYSE:NOK) is one of the best-performing AI stocks to buy. On April 9, Jefferies identified a select group of European technology stocks that it believes will outperform in 2026.
The research firm said that “semicap” companies are expected to see a cyclical de-rating after a peak in early 2026. In contrast, analog firms with exposure to industrial and AI markets are entering an upcycle, supported by tight supply and growing prices.
Jefferies pointed out that Nokia Oyj is expected to re-rate as it improves its position in the AI and cloud markets. This growth is expected to come from its Optical and IP networking businesses. The firm believes that the company could potentially raise medium-term growth expectations, especially as demand for IP switching from hyperscalers increases.
In other news, Nokia Oyj held its Annual General Meeting on April 9. At the meeting, the Board was authorized to distribute an aggregate maximum of EUR 0.14 per share as a dividend.
Nokia Oyj is a Finland-based technology company that specializes in telecommunications equipment, AI, networks, and related technologies. The company offers a range of solutions across cloud and network services, mobile networks, and network infrastructure.
5. Keysight Technologies, Inc. (NYSE:KEYS)
6-Month Performance: 98.46%
Keysight Technologies, Inc. (NYSE:KEYS) is one of the best-performing AI stocks to buy. On March 30, Truist initiated coverage of Keysight Technologies, Inc., giving the stock a Hold rating and setting the price target at $310.
The research firm highlighted Keysight Technologies, Inc.‘s (NYSE:KEYS) strong position as a global leader in test and measurement, noting its scale and market share. However, Truist pointed out that the stock’s valuation is relatively high, trading at a 10-times premium compared to the S&P 500 Index. This led to a Hold rating on the stock.
Source: unsplash
Earlier, on March 23, Citi raised its price target on Keysight Technologies, Inc. from $282 to $320 and kept a Buy rating on the stock. The research firm pointed to growing confidence in the company’s ability to grow its AI sales.
In other news, Brown Brothers Harriman, an investment management company, released its Q4 2025 investor letter for the BBH Select Series – Mid Cap ETF. It stated the following regarding Keysight Technologies, Inc. in the letter:
“Keysight reported solid fourth quarter fiscal year results, with revenue and earnings both above the guided range, and forecasted sustained strong growth in fiscal year 2026. AI-related demand is driving the fastest growth in Keysight’s wireline business and represented approximately 10% of Keysight total revenue in 2025; however, the growth is broad-based, with all segments growing high-single digits or better, and fourth quarter orders grew 14%. Supported by a robust pipeline, management forecasts fiscal year 2026 organic revenue growth of at least 7% and EPS growth of at least 10%. Overall, Keysight is extremely well positioned to benefit from ongoing technology innovation across the wireless, networking, and semiconductor markets.”
Keysight Technologies, Inc. is a leading American company providing electronic design, emulation, and test solutions to support innovation in the communications, aerospace, defense, automotive, semiconductor, and general electronics markets.
4. Micron Technology, Inc. (NASDAQ:MU)
6-Month Performance: 118.18%
Micron Technology, Inc. (NASDAQ:MU) is one of the best-performing AI stocks to buy. On April 9, Lynx Equity raised its price target on Micron Technology, Inc. from $700 to $825. The research firm pointed to extended capacity sell-outs and better visibility into future revenue.
According to Lynx Equity, recent checks show that Micron Technology, Inc. has sold out its high-bandwidth memory (HBM) capacity through 2027. This extends beyond the company’s earlier guidance of capacity being sold out only through 2026. Lynx Equity also noted that the company’s DDR5 and LPDDR5 capacity could be sold out through 2027 as well.
The research firm pointed out that Micron Technology, Inc. is likely negotiating supply and pricing agreements for 2028, after allocating its 2027 supply to key customers. Lynx Equity expects the company’s revenue to grow by 40% in fiscal 2028, much higher than current market expectations that suggest flat or declining growth.
Lynx Equity added that 2028 could be the year when new DRAM wafer capacity comes online. The research firm recommended aggressive buying ahead of the start of the earnings season.
Micron Technology, Inc. is a leading semiconductor technology company that is known for its innovative memory and storage solutions. The company offers a portfolio of high-performance DRAM, NAND, and NOR memory and storage products.
3. Coherent Corp. (NYSE:COHR)
6-Month Performance: 167.09%
Coherent Corp. (NYSE:COHR) is one of the best-performing AI stocks to buy. On April 9, Coherent Corp. announced new progress in its silicon carbide (SiC) epitaxy technology. The new thick epitaxy capabilities can power devices up to 10kV to support next-generation AI data centers and industrial power uses.
The company is continuing to grow its silicon carbide technology portfolio, from substrates to advanced epitaxy. This allows Coherent Corp. to support customers across a range of industries such as automotive, energy, and industrial sectors. It also strengthens its position in high-efficiency data center power systems, an area that is growing quickly.
The latest 150mm and 200mm thick epitaxy platforms by Coherent Corp. will now be able to support device architectures up to 10kV in production. The company also said that these platforms can go beyond 10kV, offering strong performance in demanding conditions.
According to the report by Coherent Corp., these improvements allow customers to design smaller and more energy-efficient power conversion systems for both multi-megawatt data centers as well as industrial infrastructure, while also complying with the strict reliability standards of large-scale deployments.
Coherent Corp. is an American multinational company that specializes in photonics. It serves datacenter, communications, and industrial markets.
2. Western Digital Corporation (NASDAQ:WDC)
6-Month Performance: 188.94%
Western Digital Corporation (NASDAQ:WDC) is one of the best-performing AI stocks to buy. On March 31, Bernstein upgraded its rating on Western Digital Corporation from Market Perform to Outperform and raised its price target on the stock from $170 to $340.
Bernstein noted that memory and hard disk drive stocks have seen a significant sell-off due to concerns linked to Google’s TurboQuant report. However, the research firm believes that TurboQuant will have “zero impact” on hard disk drive demand and “negligible impact” on NAND demand. Bernstein also pointed to Western Digital Corporation’s innovation day as evidence of a strong product roadmap.
Earlier, on March 23, Wedbush said that AI demand is now strong enough to significantly increase memory prices. The firm expects DRAM prices to rise by around 130% to 150% from Q4 2025 levels in the first half of the year, with NAND prices also expected to not be far behind.
Wedbush explained that the situation is driven by tight supply and accelerating demand from AI infrastructure. The firm said that Western Digital Corporation is likely to benefit from these trends, as hard disk drive vendors are expected to push for more aggressive pricing in future contracts.
Western Digital Corporation is an American company that manufactures hard disk drives and other data storage products.
1. Lumentum Holdings Inc. (NASDAQ:LITE)
6-Month Performance: 458.86%
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the best-performing AI stocks to buy. On April 10, Aletheia Capital raised its price target on Lumentum Holdings Inc. from $500 to $1,225 and kept its Buy rating on the stock.
The research firm pointed out that the large increase in the price target reflects significant upgrades to its earnings per share forecasts. Aletheia Capital now expects the company’s earnings per share to grow four times between fiscal years 2026 and 2028. This growth is expected to come from revenue expanding by 2.5 to 3 times and a 15 percentage point improvement in margins over the same period.
Aletheia Capital pointed to three structural tailwinds supporting this strong outlook. First, demand for EML lasers is stronger than expected, with a compound annual growth rate of 75% to 80% supported by the rapid migration to 200Gbps diodes, which is doubling content value. Second, Lumentum Holdings Inc. is continuing to gain market share and currently holds about 90% share in the 200Gbps segment. Third, sales of OCS are expected to see significant growth in fiscal years 2026 through 2027.
Aletheia Capital noted that Lumentum Holdings Inc. is one of the fastest-growing stocks in the AI supply chain and the firm continues to include the stock in its Alpha Portfolio.
Lumentum Holdings Inc. designs and manufactures innovative optical and photonic products and technologies that power the networks and infrastructure behind AI, cloud computing, and next-generation communications.
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