In this article, we will discuss 10 Stocks That Could Double Over the Next 2 Years.

The next stock market explosion may not come from a single “hot” sector but from a cluster of industries positioned to double as AI, energy, and infrastructure spending collide.

Across Wall Street, billionaire investors and hedge fund managers are increasingly converging on one theme: the next two years will be driven not by broad market growth, but by selective, high-momentum industries tied to artificial intelligence infrastructure, electrification, energy systems, and industrial capacity expansion. Legendary hedge fund manager Stanley Druckenmiller has repeatedly emphasized that major returns are made when investors correctly identify “macro waves” early, especially during periods of accelerating capital spending. Ray Dalio has similarly warned that structural shifts like geopolitical fragmentation and rising energy demand tend to create powerful winners in real-asset and infrastructure-linked industries. Meanwhile, Ken Griffin’s hedge fund positioning shows a strong preference for AI-linked semiconductors and infrastructure providers, reflecting conviction that computing and power demand will remain the dominant market force.

Recent hedge fund data confirms this shift. Goldman Sachs reports that hedge funds have dramatically increased exposure to semiconductor and AI infrastructure stocks, with some AI-linked portfolios delivering over 60% year-to-date returns, far outpacing the broader market. Meanwhile, research from Goldman and Bloomberg-linked analysis shows hyperscaler capital expenditure is projected to exceed $750 billion annually, fueling a massive “AI capex supercycle” that is lifting earnings across select industrial and tech sectors.

At the same time, analysts at firms like JPMorgan and BlackRock highlight that broader equity gains in 2026 are increasingly concentrated in a narrow set of high-growth industries tied to AI, energy infrastructure, and automation, suggesting potential for outsized returns but also heightened dispersion between winners and laggards.

For investors, the implication is clear: the industries most likely to double in the next two years will not be random; they will be those sitting at the intersection of AI infrastructure, power demand, and industrial transformation, where capital, policy, and technology are all accelerating at once.

With that being said, here are some stocks that could double over the next two years.

Our Methodology

We sifted through financial media reports and Reddit threads to compile a list of the top stocks that could double in 2 years. We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds. To make the list easier to navigate, we ranked the stocks in ascending order of their market capitalization.

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 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 Stocks That Could Double Over the Next 2 Years

10. Evolv Technologies Holdings, Inc. (NASDAQ:EVLV)

Market Capitalization: $1.02 billion

On June 9, TD Cowen named Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) one of its top small-cap ideas for 2026, maintaining a Buy rating and assigning a $10 price target. The firm highlighted Evolv’s positioning in AI-driven physical security systems, which use advanced point-of-entry scanning technology to detect concealed weapons while maintaining high throughput and minimal disruption. TD Cowen emphasized that the company’s security-as-a-service model and subscription-based revenue structure could support improved operational performance and valuation expansion over time. The firm also noted that Evolv is expected to benefit from accelerating unit growth and improving financial metrics heading into 2026.

Earlier, on June 4, Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) announced the renewal of its partnership with the Philadelphia Phillies, extending the use of its Evolv Express screening system at Citizens Bank Park. The system has been in continuous use since 2023, screening nearly 12 million attendees to date, and the renewal reflects broader customer retention trends among Evolv’s early adopters. The company noted that professional sports venues that initially adopted its technology are increasingly renewing contracts as they approach the end of their subscription cycles, reinforcing Evolv’s presence across major U.S. sports markets.

Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) is headquartered in Waltham, Massachusetts, and was founded in 2013. The company develops AI-powered security screening systems designed to detect weapons and threats while allowing efficient pedestrian flow in high-traffic environments such as stadiums, arenas, and public venues.

9. Upstart Holdings, Inc. (NASDAQ:UPST)

Market Capitalization: $3.10 billion

On June 9, Jefferies raised its price target on Upstart Holdings, Inc. (NASDAQ:UPST) to $30 from $27 while maintaining a Hold rating on the shares. The firm noted that discussions with Upstart’s newly appointed CFO provided additional insight into the company’s strategic priorities, including a renewed focus on its core non-prime lending segment, developments in new product verticals, and updates on its bank charter progress. Jefferies also highlighted that management remains focused on optimizing operating expenses while refining its AI-driven lending platform. The analyst adjusted estimates and valuation assumptions based on updated monthly origination data and management commentary.

On June 8, Bank of America raised its price target on Upstart Holdings, Inc. (NASDAQ:UPST) to $37 from $36 while maintaining a Neutral rating. The firm reported strong momentum in May originations, which increased 14% month-over-month and 52% year-over-year, signaling improving demand and supporting higher near-term revenue expectations. Based on this performance, Bank of America raised its second-quarter origination estimate to $4.1 billion and also increased its earnings per share forecasts for 2026 and 2027, reflecting stronger operational leverage and improving credit performance trends.

Upstart Holdings, Inc. (NASDAQ:UPST) is a cloud-based artificial intelligence lending platform headquartered in San Mateo, California, and founded in 2012. The company partners with banks and credit unions to use machine learning and non-traditional data points to assess credit risk, expand lending access, and improve loan approval efficiency across consumer credit markets.