In this article, we will list the 5 AI Stocks That Are Surging. Please visit the 10 AI Stocks That Are Surging if you’d like to see an extended list and the methodology behind it.

5. Palo Alto Networks, Inc. (NASDAQ:PANW)

One-month stock performance: 22.43%

Palo Alto Networks, Inc. (NASDAQ:PANW) has seen some bullish analyst activity recently. On June 15, Michael Turrin of Wells Fargo revised his target price upward from $165 to $355. Alongside, the analyst reaffirmed his Buy rating on the stock. Within the span of just one week, the company has seen three upward target price revisions. Citi raised its price target to $340 from $210. BMO Capital did the same, raising its price target from $270 to $335. BTIG also raised its target price to $333 from $268.

Palo Alto Networks, Inc. (NASDAQ:PANW) posted its Q3 fiscal 2026 earnings on June 2. Revenue for the quarter came in at $3 billion, up 31% year over year. Looking ahead, fourth-quarter revenue is expected to range between $3.345 billion and $3.355 billion. This will translate to an EPS of $0.96 to $0.98. This guidance suggests that full-year 2026 revenue could be $11.415 billion to $11.425 billion and non-GAAP EPS of $5. The growth is expected to come from the company’s Next Generation Security segment, and the company aims to use its recent acquisitions to strengthen its product portfolio.

Palo Alto Networks, Inc. (NASDAQ:PANW) is a leading cybersecurity company that provides a range of products, including firewalls, malware protection, and cloud security.

4. Dell Technologies Inc. (NYSE:DELL)

One-month stock performance: 30.84%

On June 11, Dell Technologies Inc. (NYSE:DELL), along with its affiliates Dell International L.L.C. and EMC Corporation, announced plans to issue $3 billion in senior unsecured notes. The offering consists of three tranches maturing in 2031, 2034, and 2037, carrying interest rates of 4.750%, 5.000%, and 5.250%, respectively. The notes are jointly guaranteed by Dell Technologies, Dell Inc., and Denali Intermediate Inc. and were priced slightly below face value. The company plans to use the proceeds for general corporate purposes, including the possible repayment of existing debt. This supports its ongoing balance sheet and capital structure management.

Earlier, on June 9, Goldman Sachs raised its long-term outlook for both the AI and traditional server markets, citing continued strong demand for artificial intelligence. The firm now expects the AI server market to reach $1.24 trillion by 2030, up from its previous forecast of $961 billion. The revised outlook came after HP Enterprise (NYSE:HPE) and Dell Technologies Inc. (NYSE:DELL) reported solid quarterly results and increased their guidance. DELL gained market share in both the AI and traditional server markets, driven by the neo-cloud providers and enterprise customers.

Dell Technologies Inc. (NYSE:DELL) is a global technology company that develops and sells laptops, personal computers, networking equipment, servers, data storage systems, and related software and services. The company operates through the Client Solutions Group (CSG) and Infrastructure Solutions Group (ISG) segments.

3. Marvell Technology, Inc. (NASDAQ:MRVL)

One-month stock performance: 34.26%

During the last few trading sessions, Marvell Technology, Inc. (NASDAQ:MRVL) has seen positive momentum. On June 14, Rick Schafer from Oppenheimer reaffirmed a Buy rating on Marvell Technology, Inc. (NASDAQ:MRVL) stock and set a target price of $250. Two days before this, Stifel Nicolaus analyst Tore Svanberg set a price target of $321 and also maintained a Buy rating on the stock. Analysts believe sector-wide tailwinds will trigger the upside in MRVL stock.

On May 27, MRVL provided optimistic guidance for Q2 fiscal 2027. It raised its revenue guidance to $2.598 billion. This translates to an EPS of $0.19. The semiconductor company guided for $3 billion in Q3 revenue, anticipating continued growth in its data center segment and a significant contribution from its custom silicon business to future revenue. In addition, the company now expects revenue to grow approximately 45% YoY in fiscal 2028 to $16.5 billion, which is around $1.5  billion higher than the earlier outlook.

Marvell Technology, Inc. (NASDAQ:MRVL) develops semiconductor solutions for data infrastructure, including custom silicon, optical connectivity, data center switching, storage, security, Ethernet, and cloud networking products.

2. Okta Inc. (NASDAQ:OKTA)

One-month stock performance: 38.86%

During the last few trading sessions, Okta Inc. (NASDAQ:OKTA) has seen positive momentum. On June 9, UBS analyst Roger Boyd raised the firm’s target price on Okta Inc. (NASDAQ:OKTA) to $150 from $115 and maintained a Buy rating. The upward price target revision reflects a 20% upside from current levels.

On a more bearish note, Mizuho analyst Gregg Moskowitz downgraded Okta Inc. (NASDAQ:OKTA) to Neutral from an Outperform rating but raised his price target to $125 from $110 on June 2. The stark difference in price targets suggests how uncertain the environment is for software stocks at the moment. The analyst believes that while the company could benefit from the growth of agentic AI, much of that potential upside is already reflected in the stock price. As a result, the firm remains doubtful that OKTA can significantly accelerate its growth in the near- to medium-term. On a positive front, the analyst told investors in a research note that Okta Inc. (NASDAQ:OKTA) shares rose sharply by 67% YTD.

Okta Inc. (NASDAQ:OKTA) is an identity and access management company operating in the United States and around the world. The company offers Single Sign-on,  Adaptive MFA, API Access Management, Access Gateway, Okta Device Access, and Universal Directory. It was founded in 2009 and is based in San Francisco, California.

1. Snowflake Inc. (NYSE:SNOW)

One-month stock performance: 42.05%

On June 9, Wells Fargo analyst Ryan MacWilliams raised the firm’s target price on Snowflake Inc. (NYSE:SNOW) to $320 from $300 and assigned a Buy rating to the stock. The upward price target revision reflects a 28% upside from current levels. In addition to Wells Fargo, two other analysts reaffirmed their Buy ratings on the stock in the first week of June. This includes Stifel Nicolaus and Bank of America Securities.

On June 2, at Snowflake Summit 26, the company highlighted the benefits of its partnership with Anthropic, which was announced in December 2025. It noted that the collaboration was increasing enterprise adoption of Claude through Snowflake Cortex AI. Christian Kleinerman, Snowflake’s EVP of Product, believed that the growing adoption of Claude by companies reflects increasing demand for AI tools. As a result, the company sees strong customer interest across its AI products, with Snowflake Cortex Code becoming the fastest-growing product in Snowflake’s history.

The AI tailwind has resulted in Snowflake’s Cortex Code having more than 7,100 users. Moreover, major enterprises are adopting the company’s AI solutions, including Basis, Block, Caravana, eSentire, Indeed, and Notion.

Steve Corfield, Head of Global Business Development & Partnership at Anthropic, remarked,

Snowflake brings the governed data environment enterprises already rely on, and Claude brings the reasoning to put that data to work. Together we’re making it easy for organizations to use trusted AI on their most critical business data.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform that helps organizations store, manage, and share data across multiple public clouds. Its platform, called the Snowflake Data Cloud, supports diverse workloads including data engineering, analytics, machine learning, and secure collaboration.

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