In this article, we will discuss: 5 AI Stocks That Will Skyrocket. For more stocks, you can head to 12 AI Stocks That Will Skyrocket.

5. Arista Networks (NYSE:ANET)

Number of Hedge Fund Holdings: 91

Networking solutions and services provider Arista Networks (NYSE:ANET) announced on the 12th that it had formed a new agreement to form a new optics module. Called the XPO, this module is capable of 12.8 Tbps of throughput and 204.8 Tbps of throughput per rack. Arista Networks (NYSE:ANET) added that it would provide live demonstrations at the OFC 2026 conference in Los Angeles.

On the same day, TD Cowen discussed the firm’s shares. It initiated coverage, set a $170 share price target, and a Buy rating. The financial firm outlined that Arista Networks (NYSE:ANET) possessed strong software and hardware design capabilities, which could enable the firm to gain a stronghold in the crucial Ethernet market. TD Cowen added that the networking technology company’s networking platform could also meet the requirements of LLM providers.

Arista Networks (NYSE:ANET) is a data center, networking, and AI software and service provider. The firm is headquartered in Santa Clara, California.

4. Broadcom Incorporated (NASDAQ:AVGO)

Number of Hedge Fund Holdings: 202

Investment bank Citi raised Broadcom Incorporated (NASDAQ:AVGO)’s share price target to $475 from $458 and kept a Buy rating on the stock on March 5th. Demand from data centers, which is tied to AI use, was at the center of Citi’s coverage, as it outlined that Broadcom Incorporated (NASDAQ:AVGO) could benefit from the demand while firms exposed to personal computing chips could suffer. The chip company has emerged as a key player in the AI industry due to its ability to design AI ASICs, which are also referred to as custom AI chips.

On the same day, banking giant JPMorgan also discussed Broadcom Incorporated (NASDAQ:AVGO)’s stock. It raised the share price target to $500 from $475 and kept an Overweight rating on the stock. JPMorgan pointed out that Broadcom Incorporated (NASDAQ:AVGO) could be benefiting from strong business momentum as it had issued strong guidance for its April quarter. Argus also commented on the stock on the 5th as it raised the share price target to $425 from $375 and kept a Buy rating on the shares.

Broadcom Incorporated (NASDAQ:AVGO) is a chip designer that makes and sells connectivity, AI, and other products. It is headquartered in Palo Alto, California.

3. Micron Technology (NASDAQ:MU)

Number of Hedge Fund Holdings: 137

Financial firm Wedbush discussed Micron Technology (NASDAQ:MU)’s shares on March 13th. It raised the share price target to $500 from $300 and kept an Outperform rating on the stock. Channel checks in the Chinese industry drove the action, as Wedbush pointed out that Micron Technology (NASDAQ:MU) could continue to perform well since the channel checks did not signal any demand slowdown. It added that rising NAND and DRAM could also help the firm’s margins.

Wedbush’s action came a day after Mizuho had discussed Micron Technology (NASDAQ:MU)’s shares. On the 12th, Mizuho kept an Outperform rating and a $480 share price target. The technology company’s upcoming earnings drove Mizuho’s coverage as it pointed out that Micron Technology (NASDAQ:MU) could post $25 billion in revenue and $11.13 in earnings per share. Like. Wedbush, the bank pointed out that higher NAND and DRAM prices could help the memory manufacturer. Other factors that Mizuho noted included higher demand for HBM3e memory products and strength in the LPDDR5 business due to strong demand from NVIDIA’s Rubin chips.

Micron Technology (NASDAQ:MU) is a memory chip manufacturer that makes and sells products such as HBM, NAND, and DRAM.

2. Microsoft Corporation (NASDAQ:MSFT)

Number of Hedge Fund Holdings: 312

Banking giant Goldman Sachs discussed Microsoft Corporation (NASDAQ:MSFT)’s shares in late February as it reiterated a Buy rating and a $600 share price target. The coverage came after the technology company revealed the Maia 200 AI inference accelerator, which is designed to be manufactured by TSMC’s 3-nanometer process technology. The investment bank commented that Microsoft Corporation (NASDAQ:MSFT) could achieve long-term margins for AI computing that were similar to its Azure CPU business through the chips, but it added that software compatibility and performance statistics were important for determining the chip’s potential.

One AI product that Microsoft Corporation (NASDAQ:MSFT) offers is its Copilot assistant. On March 9th, the firm unveiled a version of Copilot called Copilot Cowork. This variant is designed for office use and can perform tasks such as aggregating information from different platforms, such as Teams and Outlook, for task automation. Microsoft Corporation (NASDAQ:MSFT) also declared a $0.91 per share quarterly dividend on March 10th, which will be payable to shareholders of record on May 21st.

Microsoft Corporation (NASDAQ:MSFT) is one of the largest software companies in the world. It is known for its Windows operating system, Xbox gaming console, and Azure cloud computing division.

1. NVIDIA Corporation (NASDAQ:NVDA)

Number of Hedge Fund Holdings: 264

Cantor Fitzgerald discussed NVIDIA Corporation (NASDAQ:NVDA)’s shares on March 12th as it reiterated an Overweight rating and set a $300 share price target. The firm has been in the news for several reasons over the past couple of weeks. For instance, Bloomberg reported on March 6th that the US government was considering rules that would require NVIDIA Corporation (NASDAQ:NVDA) and other AI chip manufacturers to secure the government’s approval for chips exported to any country in the world.

A couple of days later, on March 9th, the firm announced that it had selected South Korean memory manufacturers Samsung and SK hynix to supply it with HBM4 memory chips for the Vera Rubin AI chip. The Vera Rubin is NVIDIA Corporation (NASDAQ:NVDA)’s latest AI chip, and HBM memory chips are a key bottleneck in its supply chain due to the limited number of firms with the technical capability to manufacture the chips.

NVIDIA Corporation (NASDAQ:NVDA) is the largest AI GPU manufacturer in the world. It also supplies consumer and data center chips.

While we acknowledge the potential of NVDA 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 NVDA and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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