With the use of artificial intelligence (AI) skyrocketing, this sector of the market is a great place to look for stocks that could double in less than a year. Many AI companies are generating explosive growth and these are the ones you need to take a look at.
Three in particular have a chance to double in value in 2026: I won’t (NASDAQ: NBIS), Applied digital (NASDAQ: APLD)and SoundHound AI (NASDAQ:SOUN). All three are growing at a fast pace and could offer investors a potential doubling of returns in 2026.
Nebius and Applied Digital operate in similar industries. Nebius was spun off from Russia-based Yandex after sanctions from the Ukraine war devastated the business, including non-Russian parts. Nebius focuses on providing computing power to its various clients by renting space in a data center and placing state-of-the-art graphics processing units (GPUs) in them. It also owns some of the locations where it operates.
Demand for computing power was unprecedented, and Nebius told investors it had “used up” all available capacity. As it expands capacity, it expects to have an annualized run rate (ARR) of $7 billion to $9 billion by the end of 2026. For comparison, its ARR at the end of Q3 was $551 million. That’s explosive growth for a relatively small business, and I wouldn’t be surprised to see the stock double in 2026 as a result.
Applied Digital builds and operates data centers and has two facilities in North Dakota that it operates. It is working on increasing the computing capacity on these two units and it is a key CoreWeave (NASDAQ: CRWV) partner. It has signed 15-year leases for many of its data centers, giving investors a long-term look at what Applied Digital’s future looks like.
In the first quarter of its 2026 fiscal year, which ended Aug. 31, its revenue rose about 84% year over year. As more computing power comes online, its revenue will increase, which could lead to a large stock outperformance.
The last one is SoundHound AI. SoundHound AI combines generative AI and audio recognition to create a software platform that can be deployed in many applications. This is a key company to watch in 2026 as there could be a huge burst of growth if widespread adoption occurs. Several industries can be optimized by implementing generative AI agents such as customer service representatives.
In its most recent quarter, SoundHound AI’s revenue rose 68% year-over-year, and it raised its full-year outlook. We’ll see if the SoundHound AI product gains momentum in 2026. But it could be a great year for the company and the stock.
