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.
5. Palantir Technologies Inc. (NASDAQ:PLTR)
Analyst Upside: 72.79%
Palantir Technologies Inc. (NASDAQ:PLTR) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 16, Wolfe Research began coverage of Palantir Technologies Inc. (NASDAQ:PLTR) with a Peer Perform rating, describing the company’s enterprise AI product portfolio as best-in-class but citing its premium valuation as a roadblock to a more positive outlook. According to analyst Alex Zukin, Palantir Technologies Inc. (NASDAQ:PLTR) boasts “the best product market fit of any enterprise software company in the market today,” which is based on its AIP platform, Ontology database platform, and forward-deployed development strategy.
Wolfe Research reported net revenue retention of 150%, an 85% year-over-year revenue increase, and a 97% year-over-year increase in residual deal value backlog, all with only 1,000 customers and around 4,000 workers.
In his base case, Zukin estimates a revenue compound annual growth rate of 39% from 2026 to 2029; in an upside scenario, that number rises to 55%, compared with a total addressable market of over $385 billion.
Palantir Technologies Inc. (NASDAQ:PLTR) is a software company that develops and deploys data integration and analytics platforms for government agencies, defense organizations, and enterprise clients. Its notable products include Palantir Gotham, Foundry, and Apollo.
4. Oracle Corporation (NYSE:ORCL)
Analyst Upside: 73.07%
Oracle Corporation (NYSE:ORCL) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, KeyBanc restated its Overweight rating and $300 price target for Oracle Corporation (NYSE:ORCL), noting more transparency on the company’s expenditure outlook. The firm boosted its EPS estimates for fiscal years 2028 through 2030, exceeding consensus expectations for 2029 and 2030.
According to KeyBanc, Oracle’s investment in AI hyperscaler infrastructure represents a considerable cost of goods expense. The firm highlighted that moderate growth in operational expenses appeared to be enough to offset gross margin pressures.
Additionally, in response to Oracle Corporation (NYSE:ORCL)’s fourth-quarter results, Mizuho reaffirmed an Outperform rating and a $320 price target on the company’s shares. According to Mizuho, Oracle Corporation (NYSE:ORCL) generated solid fourth-quarter performance, with Infrastructure as a Service revenue increasing by more than 90% year-over-year as the Abilene supercluster and additional capacity went live according to schedule.
The company announced fiscal 2027 gross capital expenditures of $90 billion to $95 billion, resulting in about $70 billion in cash outlays. Oracle Corporation (NYSE:ORCL) disclosed incremental financing needs of $20 billion, up from the $50 billion reported in the third quarter, with the sum considerably lower than the $100 billion Street expectations that management discarded in Q2.
Oracle Corporation (NYSE:ORCL) provides information technology-related products and services to enterprises through its main business segments: Cloud and License, Hardware, and Services. The company is based in Austin, Texas, and was founded in June 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner, and Edward A. Oates.
3. Cerebras Systems Inc. (NASDAQ:CBRS)
Analyst Upside: 77.61%
Cerebras Systems Inc. (NASDAQ:CBRS) ranks among the AI stocks beyond NVIDIA that could surge in 2026. On June 23, Cerebras Systems Inc. (NASDAQ:CBRS) disclosed first-quarter 2026 results, with a GAAP revenue of $193.4 million, rising 94% year-over-year and 13% sequentially. Hardware revenue came in at $110.6 million, jumping 59% year-over-year, while cloud and other services revenue increased 178% to $82.8 million. At the same time, the company posted a GAAP operating loss of $15 million with a net loss of $14 million.
Looking ahead, Cerebras Systems Inc. (NASDAQ:CBRS) expects core revenue of about $194 million in the second quarter of 2026, an 88% increase over the previous year. For the full year 2026, the company predicted core revenue of roughly $855 million to $865 million, reflecting about 69% growth year-over-year at the midrange.
Notably, Cerebras Systems Inc. (NASDAQ:CBRS) signed a multi-year partnership with OpenAI for more than $20 billion, whereby OpenAI will install 750 megawatts of Cerebras inference compute over a number of years. The two companies also jointly launched Codex-Spark, a coding framework.
Cerebras Systems Inc. (NASDAQ:CBRS) is headquartered in Sunnyvale, California, and was founded in 2015. The company designs and manufactures wafer-scale processors and AI supercomputers engineered to accelerate both training and inference workloads for artificial intelligence applications across enterprise and research environments.
2. Alibaba Group Holding Limited (NYSE:BABA)
Analyst Upside: 105.04%
Alibaba Group Holding Limited (NYSE:BABA) ranks among the AI stocks beyond NVIDIA that could surge in 2026. Despite recent stock price swings drawing investor attention in recent trading sessions, Jefferies reiterated Alibaba Group Holding Limited (NYSE:BABA) as its top pick in the Chinese internet market on June 12.
According to Jefferies analysts, Alibaba’s share price has fluctuated of late as newsflow and industry trends have become more apparent. That said, the firm stressed that AliCloud’s competitive advantage remained untouched, thanks to full-stack capabilities that set the cloud computing segment apart from peers. Analysts also noted that the company’s Model-as-a-Service (MaaS) division showed strong revenue and margins.
Concerning the annual 618 shopping festival, Jefferies remarked that the year is not shaping up to be a memorable one for the promotional festival, though this trend is consistent with prior expert calls. The firm recognized that 618 marketing corrections are taking place across platforms, not only on Alibaba Group Holding Limited (NYSE:BABA).
Alibaba Group Holding Limited (NYSE:BABA) operates as a technology infrastructure and marketing solutions provider. It operates both within the People’s Republic of China and internationally. The company was founded by Chung Tsai and Yun Ma in June 1999 and is headquartered in Causeway Bay, Hong Kong.
1. Pony AI Inc. (NASDAQ:PONY)
Analyst Upside: 187.45%
Pony AI Inc. (NASDAQ:PONY) ranks among the AI stocks beyond NVIDIA that could surge in 2026. BofA Securities restated its Buy rating and $19 target for Pony AI Inc. (NASDAQ:PONY). The firm emphasized the obstacles posed by the company’s expanded operational zones, which include packed office buildings, significant car traffic, and pedestrian congestion.
Pony AI Inc. (NASDAQ:PONY) makes use of its independently created PonyWorld and Virtual Driver systems to deal with a variety of road situations. The company’s use of densely packed road systems in Tianhe, Huangpu, and Panyu Chimelong demonstrates its distinctive technology and operating capabilities.
According to BofA Securities analyst Ming Hsun Lee, the newly established zones “present complicated challenges incl. dense office buildings, heavy vehicle flow, and crowded pedestrian traffic.” That said, Pony AI Inc. (NASDAQ:PONY) intends to expand its robotaxi fleet and improve profitability through economies of scale.
Moreover, on June 22, Pony AI Inc. (NASDAQ:PONY) and ComfortDelGro launched their autonomous mobility offering in Singapore’s Punggol district to the public via the Zig app, transitioning from an invitation-only trial phase to a consumer-centric approach. Pony AI Inc. (NASDAQ:PONY) plans to have over 3,500 robotaxis in over 20 cities by the end of 2026, with Singapore serving as a hub for global expansion.
Pony AI Inc. (NASDAQ:PONY) is involved in the autonomous mobility sector. It provides several services for AV, which include software deployment, vehicle engineering, and more. It also offers logistics platforms with transportation services, along with a licensing and applications business that includes personally owned vehicle intelligent solutions, data analytics tools, and more.
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