Beyond chips: Growth that does not depend on AI hype
While AI dominates 2025 headlines and is most likely to continue so in 2026, some of the best stocks with the best potential in 2026 operate in sectors where demand is driven by demographics, health, and long-term consumption demand.
Eli Lilly (LLY): Healthcare Growth With Pricing Power
Eli Lilly is among the most discussed pharmaceutical companies in recent years, and there are several good reasons for it. Its leadership in diabetes and weight-loss treatments has influenced its growth profile positively. Since millions of people suffer from diabetes and are overweight globally, the company has a lot of market share to conquer. These are not just niche drugs; they address massive, long-term health challenges.
Why is Eli Lilly one of the best stocks for next year?
- Strong demand, which is extremely unlikely to slow down
- Pricing power is supported by the drug's effectiveness
- Expanding beyond current popular drugs
Healthcare also provides a defensive element against crises and economic challenges. Even in slower economic environments, demand for high-quality, effective drugs never slows down as people always try to underspend on their health challenges. For investors seeking growth with stability, Eli Lilly offers a rare combination.
Advanced Micro Devices (AMD): The Challenger With Momentum
AMD is among the few companies to challenge several major players in its industry. It is competitive for both Intel CPUs and Nvidia GPUs and is focused on both retail consumers and server-grade CPU infrastructure. The company sits in a unique position. The company also maintains exposure to gaming and consumer markets while selling advanced Ryzen CPUs for server-grade equipment. Its GPUs are more than capable of handling large AI models and gaming demands. While not as powerful as Nvidia, AMD is a very good option for gamers for their middle-range builds, mainly due to low cost high performance gaming video cards.
AMD’s appeal as one of the stocks with the best potential in 2026 comes from several sources:
- Improving competitiveness in the AI sector
- Expanding data center presence globally
- Flexible product offerings
AMD might not dominate AI training the way Nvidia does, but it is capable of running AI models at scale and is expected to grow rapidly. For investors, AMD remains a compelling choice because its products sell well across the globe and provide gamers and AI servers a robust product choice for both CPUs and GPUs.
Semiconductor equipment: Profiting from the entire ecosystem
When chip demand rises, manufacturers spend more on equipment. This makes semiconductor equipment companies generate more revenue indirectly from AI hype. Let’s list some of the best stocks to buy in 2026, which are indirect beneficiaries of all this AI hype.
Lam Research (LRCX): Infrastructure for the Chip Boom
Lam Research supplies essential equipment used in chip fabrication. Its customers are the world’s largest semiconductor manufacturers. The company is not well-known or popular, but powers all the advanced chip manufacturing behind the scenes. The main reasons why this stock is promising include:
- Revenue is tied to long-term expansion
- High switching costs for customers
- Strong operating margins
Even if chip demand fluctuates from year to year, the long-term need for more advanced manufacturing supports Lam’s business model.
Consumer Innovation: Growth Outside Traditional Tech
Not all the best stocks to buy in 2026 come from technology or healthcare sectors. Some companies have been operating in the retail products sector for years, where demand is robust and ensures consistent revenue generation and growth.
SharkNinja (SN): Consumer Products With Brand Power
SharkNinja is a brand focused on household appliances and consumer products, but it is distinct from other companies in the same sector because of its innovation speed and brand recognition. SharkNinja is worth watching in 2026 because it has a strong product development cycle, is expanding to other markets, and its revenue is constantly growing. Stocks of companies that operate in consumer sectors are sometimes overlooked by investors, but companies that always innovate can outperform even in mixed economic conditions, and SharkNinja could be among the one of the most robust stock picks for the next year.
Cloud and Platform Giants: Quiet Compounding Machines
Mega-cap technology companies do not double overnight, but they offer steady, stable, and reliable growth driven by scale and experience.
Microsoft
While not always among high-growth anymore, cloud and platform leaders remain essential for global digital infrastructure. Microsoft’s Windows powers millions of desktop and laptop computers worldwide, and its reach goes beyond the operating system. It offers software solutions such as Microsoft Office, Project, and much more. It has reached in the gaming industry as well, and the company is heavily invested in AI and OpenAI ChatGPT, ensuring its long-term relevance.
Alphabet
Google has been a dominant player so far and is poised to continue it in 2026 as the company releases newer versions of Gemini and other AI products with ever more advanced algorithms. When it comes to big data analysis, very few companies compare to Google, as it collects vast amounts of digital data and can employ it in AI training to offer even more refined products. Its latest generation of AI products gives a glimpse of how the company will continue to position itself strongly in AI and other digital sectors.
Overall, these companies benefit from AI without relying entirely on chip sales, which enables them to become strong diversification tools in the hands of tech-savvy investors in 2026.
Risks investors should not ignore in 2026
The most promising 2026 stocks offer very attractive potential in 2026, but investors should be aware of the risks present. Ignoring these risks leads to poor portfolio construction.
Key risks to consider
The main risks when entering into stock investing in 2026 are:
- If earnings growth slows down, the stock price might slow down
- AI spending could become more selective
- Geopolitical issues could continue to disrupt supply chains
- Regulatory pressure could be increased for large tech firms
To counter these challenges, investors do not need to avoid investing in the best stocks to buy in 2026; they need to properly diversify their portfolios, ensuring they are not exposed to one single sector.
A practical portfolio of the most promising 2026 stocks
The best approach for the year ahead is to build a balanced portfolio to ensure the revenue is stable. Avoiding exposure to a single sector is the best practice. Here is how to build the best portfolio in 2026 according to our list of stocks:
- Core AI exposure: Nvidia, Broadcom
- Manufacturing backbone: TSMC, Lam Research
- Healthcare growth: Eli Lilly
- Robust growth: AMD
- Stability and scale: Microsoft, Alphabet, or both
This mix spreads risks across a basket of different stocks while maintaining the highest potential to be exposed to growth stocks in 2026.
In the end, the best stocks to add to your portfolio in 2026 are not defined by hype or short-term price action. They are defined by strong demand, robust economics, and real competitive advantages. AI will continue to influence markets, but healthcare innovation, semiconductor infrastructure, and platform businesses remain equally important. Investors should focus on fundamentals rather than noise to better position themselves to benefit from the next phase of market growth in 2026. The most promising 2026 stocks are those that can grow earnings regardless of economic conditions, build around quality, and let compounding do its job.