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Top AI Stocks to Add to Your Portfolio for Impressive Returns
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An updated edition of the April 29, 2026, article.
Artificial Intelligence (AI) is driving digital transformation by enabling machines to analyze vast datasets, identify patterns, and make intelligent decisions. Rapid advancements in generative AI, Agentic AI, multimodal learning, and high-performance computing technologies enabled by innovations in GPUs and Tensor Processing Units (TPUs) are accelerating digital transformation across industries. AI is transforming healthcare, finance, robotics, cybersecurity, and e-commerce through capabilities powered by machine learning, deep learning and natural language processing. From chatbots and medical diagnostics to fraud detection and autonomous systems, AI enhances operational efficiency, improves decision-making, increases agility, and creates new opportunities for growth and innovation.
Per Gartner, global AI spending is expected to hit $2.596 trillion in 2026, indicating 47% growth over 2025. U.S. tech giants, including Microsoft, Alphabet (GOOGL - Free Report) and Meta Platforms, have been at the forefront of bringing remarkable advances to AI technology, well supported by powerful AI chips and custom accelerators from NVIDIA, AMD, Broadcom and Micron Technology (MU - Free Report) . Growing demand for AI infrastructure, including servers and storage, is benefiting companies like Dell Technologies (DELL - Free Report) and Hewlett Packard Enterprise (HPE - Free Report) .
Enterprise-focused AI agents continue to gain traction across productivity, software development, customer service and business automation applications. Generative AI adoption is expanding across enterprises and government organizations. Latest AI model releases are focusing on improved reasoning, coding assistance, multimodal understanding and safety. Alphabet unveiled Gemini 3.5 Flash and Gemini Omni at its I/O 2026 conference, introducing enhanced multimodal capabilities, AI agents, and deeper AI integration across Search, Workspace and Android ecosystems.
We believe that the rapid deployment of AI technology and huge spending on its development efforts offer significant growth opportunities for investors. Our Artificial Intelligence Screen is an invaluable source for identifying AI stocks with massive growth prospects.
Micron Technology is benefiting from surging demand for high-bandwidth memory (HBM) and robust DRAM pricing recovery. This Zacks Rank #1 (Strong Buy) company is capitalizing on the AI boom with its HBM3E solutions, which are increasingly being adopted by major hyperscalers and enterprise customers. You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron’s strong order book is a key catalyst. The company has already sold out its HBM supply for the calendar year 2026, while a significant portion of 2027 production is already committed through long-term customer agreements. This favorable supply-demand environment is supporting higher pricing and stronger margins. As hyperscalers expand AI data centers and enterprises deploy advanced AI workloads, Micron remains one of the most direct beneficiaries of the growing AI memory market.
The ongoing momentum in the DRAM market is a major tailwind for Micron. DRAM revenues accounted for more than 79% of Micron's total sales in the second quarter of fiscal 2026 and increased 74% sequentially, driven by growth in DRAM shipments and continued improvement in pricing. The pricing rebound, coupled with cost efficiencies, will boost the gross margin.
Dell’s prospects benefit from rising AI revenues. In the first quarter of fiscal 2027, the company booked $24.4 billion in AI orders, highlighting customers’ urgency to secure supply for large-scale deployments. DELL’s management now expects fiscal 2027 revenues between $165 billion and $169 billion (up 47% year over year at the mid-point) and guided to non-GAAP earnings of $17.90 per share (plus or minus 25 cents). The company also increased its fiscal 2027 AI-optimized server revenue expectation to roughly $60 billion, signaling confidence in continued AI infrastructure momentum through the year.
This Zacks Rank #1 company’s prospects ride on strong AI infrastructure demand, broad-based growth beyond AI servers, enterprise refresh cycles and data-center modernization. DELL’s AI infrastructure solutions are gaining traction among enterprises, sovereign entities and next-generation cloud providers, with the company serving more than 5,000 AI customers globally. Dell has become a key supplier of AI-optimized servers and data center solutions, benefiting from surging enterprise demand for AI training and inference workloads.
Dell’s partnerships with leading chipmakers, including NVIDIA, allow it to deliver high-performance AI systems that enterprises increasingly need to modernize operations and deploy generative AI applications. The company’s integrated rack-scale systems and data center solutions allow customers to deploy AI clusters efficiently while managing the total cost of ownership. These capabilities are helping Dell capture opportunities as organizations scale AI workloads across industries.
Another Zacks Rank #1 company, Hewlett Packard Enterprise, is executing well on its mix shift toward higher-value networking, cloud and AI, supported by the completed Juniper acquisition and cost synergies. Robust customer spend on AI inferencing, private cloud and network modernization is driving record orders and backlog, with improved profitability and higher free cash flow for Hewlett Packard. GreenLake, Alletra and Private Cloud AI add more software and services exposure over time.
The Juniper Networks acquisition is reshaping HPE’s mix by expanding its portfolio across campus and branch, data center switching, routing and security. In the second quarter of fiscal 2026, management highlighted that Juniper integration milestones and committed synergies are running ahead of schedule, and the combined go-to-market is already improving share of wallet with enterprise and service provider customers. In the fiscal 2026 second quarter, Networking revenues were $2.7 billion, up 148% year over year, with a 21.6% operating profit margin. HPE also launched new autonomous, agentic AI operations capabilities and raised its cumulative Networks for AI order target to at least $2 billion by the end of fiscal 2026, reflecting confidence in AI-driven demand for high-performance networking.
View the Zacks #1 Rank List
Image: Bigstock
Top AI Stocks to Add to Your Portfolio for Impressive Returns
An updated edition of the April 29, 2026, article.
Artificial Intelligence (AI) is driving digital transformation by enabling machines to analyze vast datasets, identify patterns, and make intelligent decisions. Rapid advancements in generative AI, Agentic AI, multimodal learning, and high-performance computing technologies enabled by innovations in GPUs and Tensor Processing Units (TPUs) are accelerating digital transformation across industries. AI is transforming healthcare, finance, robotics, cybersecurity, and e-commerce through capabilities powered by machine learning, deep learning and natural language processing. From chatbots and medical diagnostics to fraud detection and autonomous systems, AI enhances operational efficiency, improves decision-making, increases agility, and creates new opportunities for growth and innovation.
Per Gartner, global AI spending is expected to hit $2.596 trillion in 2026, indicating 47% growth over 2025. U.S. tech giants, including Microsoft, Alphabet (GOOGL - Free Report) and Meta Platforms, have been at the forefront of bringing remarkable advances to AI technology, well supported by powerful AI chips and custom accelerators from NVIDIA, AMD, Broadcom and Micron Technology (MU - Free Report) . Growing demand for AI infrastructure, including servers and storage, is benefiting companies like Dell Technologies (DELL - Free Report) and Hewlett Packard Enterprise (HPE - Free Report) .
Enterprise-focused AI agents continue to gain traction across productivity, software development, customer service and business automation applications. Generative AI adoption is expanding across enterprises and government organizations. Latest AI model releases are focusing on improved reasoning, coding assistance, multimodal understanding and safety. Alphabet unveiled Gemini 3.5 Flash and Gemini Omni at its I/O 2026 conference, introducing enhanced multimodal capabilities, AI agents, and deeper AI integration across Search, Workspace and Android ecosystems.
We believe that the rapid deployment of AI technology and huge spending on its development efforts offer significant growth opportunities for investors. Our Artificial Intelligence Screen is an invaluable source for identifying AI stocks with massive growth prospects.
Explore 37 cutting-edge investment themes with Zacks Thematic Investing Screens and uncover your next big opportunity.
3 AI Stocks to Buy Right Now
Micron Technology is benefiting from surging demand for high-bandwidth memory (HBM) and robust DRAM pricing recovery. This Zacks Rank #1 (Strong Buy) company is capitalizing on the AI boom with its HBM3E solutions, which are increasingly being adopted by major hyperscalers and enterprise customers. You can see the complete list of today’s Zacks #1 Rank stocks here.
Micron’s strong order book is a key catalyst. The company has already sold out its HBM supply for the calendar year 2026, while a significant portion of 2027 production is already committed through long-term customer agreements. This favorable supply-demand environment is supporting higher pricing and stronger margins. As hyperscalers expand AI data centers and enterprises deploy advanced AI workloads, Micron remains one of the most direct beneficiaries of the growing AI memory market.
The ongoing momentum in the DRAM market is a major tailwind for Micron. DRAM revenues accounted for more than 79% of Micron's total sales in the second quarter of fiscal 2026 and increased 74% sequentially, driven by growth in DRAM shipments and continued improvement in pricing. The pricing rebound, coupled with cost efficiencies, will boost the gross margin.
Dell’s prospects benefit from rising AI revenues. In the first quarter of fiscal 2027, the company booked $24.4 billion in AI orders, highlighting customers’ urgency to secure supply for large-scale deployments. DELL’s management now expects fiscal 2027 revenues between $165 billion and $169 billion (up 47% year over year at the mid-point) and guided to non-GAAP earnings of $17.90 per share (plus or minus 25 cents). The company also increased its fiscal 2027 AI-optimized server revenue expectation to roughly $60 billion, signaling confidence in continued AI infrastructure momentum through the year.
This Zacks Rank #1 company’s prospects ride on strong AI infrastructure demand, broad-based growth beyond AI servers, enterprise refresh cycles and data-center modernization. DELL’s AI infrastructure solutions are gaining traction among enterprises, sovereign entities and next-generation cloud providers, with the company serving more than 5,000 AI customers globally. Dell has become a key supplier of AI-optimized servers and data center solutions, benefiting from surging enterprise demand for AI training and inference workloads.
Dell’s partnerships with leading chipmakers, including NVIDIA, allow it to deliver high-performance AI systems that enterprises increasingly need to modernize operations and deploy generative AI applications. The company’s integrated rack-scale systems and data center solutions allow customers to deploy AI clusters efficiently while managing the total cost of ownership. These capabilities are helping Dell capture opportunities as organizations scale AI workloads across industries.
Another Zacks Rank #1 company, Hewlett Packard Enterprise, is executing well on its mix shift toward higher-value networking, cloud and AI, supported by the completed Juniper acquisition and cost synergies. Robust customer spend on AI inferencing, private cloud and network modernization is driving record orders and backlog, with improved profitability and higher free cash flow for Hewlett Packard. GreenLake, Alletra and Private Cloud AI add more software and services exposure over time.
The Juniper Networks acquisition is reshaping HPE’s mix by expanding its portfolio across campus and branch, data center switching, routing and security. In the second quarter of fiscal 2026, management highlighted that Juniper integration milestones and committed synergies are running ahead of schedule, and the combined go-to-market is already improving share of wallet with enterprise and service provider customers. In the fiscal 2026 second quarter, Networking revenues were $2.7 billion, up 148% year over year, with a 21.6% operating profit margin. HPE also launched new autonomous, agentic AI operations capabilities and raised its cumulative Networks for AI order target to at least $2 billion by the end of fiscal 2026, reflecting confidence in AI-driven demand for high-performance networking.