3 AI Stocks That Can Double In 2026

"Artificial intelligence has been the hottest industry, and its scorching success may continue for the rest of the decade. Big tech companies have spent so much money on AI that it's impacting GDP more than consumer spending, and each of those giants has committed to more AI spending in 2026. Following the money and seeing where the AI investments flow can result in tremendous returns for patient investors."

"IREN (IREN) is transitioning from a crypto miner to an AI data center provider that has signed deals with big tech companies. Its highest profile deal is a 5-year, $9.7 billion agreement with Microsoft ( NASDAQ:MSFT) for 200 megawatts in one of IREN's AI data centers. The company should have 3.2 gigawatts ready to go by the end of 2027, which means it can pull off 16 more deals like the Microsoft one."

"That doesn't include the multi-gigawatt development pipeline IREN told investors about in its Q1 FY26 earnings presentation. IREN's ability to create AI data centers and accumulate energy at scale makes it a desirable partner. The emerging AI leader expects $3.4 billion in annual recurring revenue by the end of 2026. This figure includes the Microsoft deal, but it also suggests that at least one more multi-billion dollar big tech deal will arrive next year."

Artificial intelligence spending by major technology companies now influences GDP more than consumer spending, with additional AI commitments planned for 2026. Following AI investment flows can yield significant returns, as many AI stocks have already doubled this year and some have rallied over 1,000% in the past decade. IREN is shifting from crypto mining to become an AI data center provider, securing a 5-year, $9.7 billion, 200-megawatt deal with Microsoft and targeting 3.2 gigawatts by the end of 2027 and $3.4 billion in annual recurring revenue by end-2026. Marvell Technology produces custom AI chips that are gaining momentum and are compared more closely to Broadcom than Nvidia.

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