3 AI Stocks Shaping the Future of Technology to Buy Now, According to Wall Street

By Keith Speights – Apr 28, 2026 at 3:45AM ESTKey PointsNo company plays a more critical role in AI than Nvidia.Broadcom's technology lies at the center of developing custom AI accelerators.Google's parent, Alphabet, is an AI pioneer with broad Wall Street support.What are the greatest technological innovations of all time? The wheel certainly makes the list. So do the printing press, the light bulb, and the internet. We're living in an era where another finalist is being adopted rapidly. I'm referring, of course, to artificial intelligence (AI). Many of the top game-changing innovations enabled early investors to build fortunes. AI is in that group.

And Wall Street believes that three AI stocks shaping the future of technology are great buys right now. Image source: Getty Images. 1. Nvidia No company plays a more critical role in AI than Nvidia (NVDA +3.97%). The company's GPUs remain the most sought-after chips for powering AI models. Nvidia's CUDA (Compute Unified Device Architecture) is the standard software that enables GPU use for applications beyond graphics rendering. Unsurprisingly, Nvidia ranks as the world's largest tech company -- and the world's largest company overall -- by market cap. Plenty of rivals are angling to knock Nvidia off its perch. However, that will be easier said than done. Nvidia continues to invest heavily in research and development. It rolls out new, more powerful chips every year, with its Vera Rubin architecture launching in 2026. ExpandNASDAQ: NVDANvidiaToday's Change(3.97%) $8.27Current Price$216.54Key Data PointsMarket Cap$5.3TDay's Range$207.40 - $216.8252wk Range$104.08 - $216.82Volume6.7MAvg Vol175MGross Margin71.07%Dividend Yield0.02% Wall Street remains highly bullish about Nvidia. Of the 59 analysts surveyed by S&P Global (SPGI +0.08%) in April, 56 rated the stock as a "buy" or "strong buy." The consensus 12-month price target for the stock reflects a potential upside of around 24%. But with Nvidia trading at an all-time high, is the stock really a great choice for investors? I think so. The company's growth prospects make its valuation reasonable despite the stock's tremendous gains over the past few years. 2. Broadcom Broadcom (AVGO 1.04%) could present the greatest threat to Nvidia's AI chip dominance. The company's Application-Specific Integrated Circuits (ASICs) are used to develop custom AI accelerators to help reduce their dependence on Nvidia's GPUs. In the first quarter of 2026, Broadcom's revenue jumped 29% year over year. Its AI semiconductor revenue soared 106%. The company's growth is accelerating, with no signs of slowing anytime soon. Broadcom's other businesses are also performing well. CEO Hock Tan expressed confidence in the Q1 earnings call that agentic AI and generative AI adoption will drive greater demand for VMware's cloud infrastructure. ExpandNASDAQ: AVGOBroadcomToday's Change(-1.04%) $-4.40Current Price$418.36Key Data PointsMarket Cap$2.0TDay's Range$414.69 - $422.7152wk Range$184.02 - $429.31Volume655KAvg Vol26MGross Margin64.96%Dividend Yield0.59% Wall Street is definitely on the Broadcom bandwagon. Forty-four of the 47 analysts surveyed by S&P Global rated the semiconductor stock as a "buy" or "strong buy." The average price target for Broadcom is roughly 14% above its current share price. I agree with Wall Street's enthusiasm. While I wouldn't bet the farm that Broadcom and its customers dethrone Nvidia, the company has a clear growth runway over the next few years. Although its stock looks expensive at first glance, trading at 38 times forward earnings, factoring in Broadcom's growth opportunities makes its valuation appear much less frothy. 3. Alphabet Few companies have done more to advance AI than Google's parent, Alphabet (GOOG +1.81%) (GOOGL +1.78%). The company's Google Brain unit (now part of Google DeepMind) even developed the Transformer neural network architecture (the "T" in ChatGPT), which paved the way for the AI explosion. Alphabet isn't resting on its laurels. Google Gemini ranks among the most powerful AI models available. Google Cloud is the fastest-growing of the top three largest cloud providers, with AI serving as its primary tailwind. Waymo is the leader in AI-powered autonomous ride-hailing services. ExpandNASDAQ: GOOGLAlphabetToday's Change(1.78%) $6.12Current Price$350.52Key Data PointsMarket Cap$4.2TDay's Range$342.70 - $353.1852wk Range$147.84 - $353.18Volume1.3MAvg Vol32MGross Margin59.68%Dividend Yield0.24% Wall Street isn't as giddy about Alphabet as it is about Nvidia and Broadcom. However, nearly nine out of 10 analysts surveyed by S&P Global (59 of 66) rated the stock as a "buy" or "strong buy." There aren't many megacap stocks with such broad support. I'm upbeat about Alphabet's prospects. My view is that the company is as likely as any to make the next huge AI breakthrough. I predict that Waymo will become an important moneymaker by the end of the decade. Alphabet's Google Quantum AI unit could also be one of the biggest winners in quantum computing. Read NextApr 28, 2026 •By Stefon WaltersCan You Invest in SpaceX Pre-IPO?Apr 28, 2026 •By Jeremy BowmanWhy This Week Could Be Huge For AI StocksApr 27, 2026 •By Kristi WaterworthBest Nasdaq ETFs for 2026 and How to InvestApr 27, 2026 •By Danny Vena, CPAWhy Thursday Could Be a Big Day for the Stock MarketApr 27, 2026 •By Geoffrey SeilerPrediction: Alphabet's New TPUs Are Another Reason to Buy the StockApr 25, 2026 •By Daniel SparksIs Alphabet Stock a Buy Ahead of Earnings?About the AuthorKeith Speights is a contributing Motley Fool healthcare analyst covering publicly traded companies across pharmaceuticals, biotechnology, medical devices, technology, and marijuana. Prior to The Motley Fool, Keith was CEO of Constant Care Technology, a healthcare technology company; vice president of American HealthTech, a healthcare software company; and a director of operations for Blue Cross Blue Shield of Mississippi, a health insurer. He holds a B.S. in Industrial Engineering from Mississippi State University.TMFFishBizStocks MentionedAlphabetNASDAQ: GOOGL$350.52(+1.78%)+$6.12BroadcomNASDAQ: AVGO$418.20(-1.08%)-$4.56NvidiaNASDAQ: NVDA$216.54(+3.97%)+$8.27S&P GlobalNYSE: SPGI$437.12(+0.08%)+$0.33AlphabetNASDAQ: GOOG$348.52(+1.81%)+$6.20*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.