5 Artificial Intelligence (AI) Stocks That Have More Than Doubled This Year and Can Still Go Higher
5 Artificial Intelligence (AI) Stocks That Have More Than Doubled This Year and Can Still Go Higher
Publish Date: 2026-05-17 22:20:00
Source Domain: www.theglobeandmail.com
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Infrastructure Companies Thrive: Smaller firms that supply components for AI development, such as Bloom Energy and Micron Technology, are experiencing explosive growth due to high demand for AI.
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AI Stocks Surpassing Market Gains: AI stocks are outperforming the broader market; notable trends can be seen in indices like the Nasdaq-100, and ETFs such as the Roundhill Generative AI and Technology ETF are outperforming the S&P 500 this year.
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Key AI-related Companies: Some leading companies benefiting from AI include Bloom Energy (with its energy servers), Sandisk (with data storage NAND flash memory), Lumentum (optical products for data centers), Micron Technology (memory chips), and Intel (regaining relevance with high-inference CPU demand).
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Potential for Further Growth: Several highlighted AI companies, like Bloom Energy and Sandisk, have reported significant revenue increases and positive financial transformations, suggesting even higher potential growth due to their crucial roles in AI infrastructure.
