We’re halfway into January, and the market is in action mode. Growth stocks have had an excellent 2025 and generated impressive returns for investors. But this year, many investors fear growth stocks might lose momentum. The artificial intelligence (AI) race has disrupted several industries and also claimed a few victims.
Some stocks have climbed faster than expected and are enjoying a premium valuation today, but there are still several growth stocks worth buying. AI has placed several companies at the forefront and opened up the potential for a new investment. If you’re ready to load up on such stocks, here are three stocks that could double in 2026.
Micron Technology
Micron Technology (NASDAQ:MU | MU Price Prediction) could be the biggest beneficiary of the next bull market. It ended the year with a strong financial profile and growing demand for its solutions. Exchanging hands for $365, the stock has gained 233% in the past year. The demand for its NAND, DRAM, and high-bandwidth memory has outpaced supply and expanded margins.
In the recently announced results, the company reported $13.64 billion in revenue, beating estimates. It was an impressive 57% year-over-year jump, driven by the growing demand for its specialized memory chips. In an expansion move, the company is buying Powerchip Semiconductor’s P5 fabrication site for $1.8 billion.
The management is now focusing on AI infrastructure to meet the growing demand. Its cloud memory sales doubled to $5.28 billion, and the EPS surged 167%. It has several production facilities under construction and aims to start output at the Idaho fab facility by mid-2027. It will also begin construction on a second fab, which could be operational by the end of 2028.
Its quarterly results highlighted the rising demand for high-bandwidth memory, and the management is aiming for a revenue in the range of $18.7 billion for the second quarter and an EPS of $8.42.
As long as there is a supply crunch, the memory prices will keep soaring, allowing Micron to profit from the shortage. Despite the rally, I believe Micron Technology can still run. Wall Street analysts are bullish on the stock. TD Cowen has a price target of $450 with a buy rating.
SoFi Technologies
An online bank, SoFi Technologies Inc. (NASDAQ: SOFI) has attracted customers for its unique approach to banking. It has replaced the traditional banking model and allows customers to handle their money using an app. It is an easy-to-use platform that has low fees and offers high rates.
The company offers an assortment of products to save, invest, and grow money. The company continues to break its own record for new customers and has seen impressive growth over the past two years. SoFi is one of the best growth stocks out there.
It ended the third quarter with 12.6 million customers. The adjusted net revenue growth saw a 38% year-over-year jump and the EPS came in at $0.11. It added 905,000 new members and 1.4 million new products, setting a new record. This was SoFi’s eighth consecutive quarter of GAAP profitability.
The net income for the quarter was up 36% year over year to $585.1 million, and its fee-based revenue saw a 50% year-over-year jump to $408.7 million. SoFi is disrupting the financial industry, and it could double this year. The current pullback is a chance to load up on the stock. Exchanging hands for $25.59, the stock has gained 42% in the past year, easily outperforming the broader market. SoFi is set to release fourth-quarter results on January 30, and it could give a boost to the stock.
SoundHound AI
SoundHound AI (NASDAQ: SOUN) builds AI-powered audio and video recognition tools. AI is gaining momentum, and companies are rapidly adopting voice AI solutions to improve productivity. It generates the majority of its revenue and growth from Houndify, which is a developer-oriented platform that builds customized voice recognition apps for different industries. It enjoys an early mover advantage in the voice recognition market.
The company has acquired small companies to grow its market share and caters to the restaurant and customer service chatbot markets. It has an impressive clientele including Mastercard (NYSE:MA), Chipotle Mexican Grill Inc. (NYSE: CMG), and Stellantis.
In the third quarter, the company reported a revenue of $42 million, a 68% year-over-year jump. Its net loss for the quarter was $109.3 million, much higher than the loss of $21.8 million it reported the prior year. Its high spending has led to an increased loss. However, the company has diversified the operations to expand across new sectors and industries, which can help grow the top line.
The share price of this AI stock is down 36.74% in the past year and is exchanging hands for $10.45. SOUN stock looks incredibly cheap to me, and it has the potential to keep growing throughout 2026. Its 52-week high is $22.17. A closer look at the company’s financials and long-term prospects signals that the stock could be a long-term winner.
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