Throughout 2025 we saw an unprecedented uptick of interest in artificial intelligence (AI). There was rapid adoption of AI across businesses, huge investment in AI infrastructure, and AI-focused ASX stocks soared as a result.
While some concerns about an AI bubble and overevalued stock dampened ASX AI and tech stocks over the past couple of months, annual gains are still significant.
As we head into 2026, it looks like interest in AI will only continue growing.
And there is only one ASX stock I'd bet on to boom in 2026.
Image source: Getty Images
The ASX AI stock I think will storm higher in 2026
Weebit Nano Ltd (ASX: WBT) develops and licenses a new memory technology (Resistive Random-Access Memory, or ReRAM) which is designed to replace traditional Flash memory.
It's faster, uses less power and is more reliable. While it's not primarily an AI stock, it enables AI capability because this new memory technology is used to run AI workloads.
Yesterday, shares climbed 18.37% to $5.80. Over the course of 2025, Weebit shares have jumped 80.69% although the majority of this was throughout the final quarter of 2025.
What pushed its share price higher?
In October, the next-generation computer memory technology company said it had made an "exceptionally strong" start to the financial year.
The company reported record quarterly customer payments of $7.3 million and said it was advancing discussions with multiple semiconductor fabricators. It also said it had received a $4.1 million research and development tax rebate during the first quarter.
The ASX stock also said it expects the strategic importance of its ReRAM technology to continue growing.
Chief Executive Officer Coby Hanoch explained at the time that "very few" fabricators are able to develop the technology in-house. Therefore, Weebit expects the majority of companies will look to strike up licensing deals in order to accelerate their time to market. And this presents a great opportunity for Weebit Nano.
What's next for the ASX stock in 2026?
According to TradingView data, analyst consensus is that Weebit shares are a strong buy.
The maximum target price for the next 12 months is $8.07 a piece. At the time of writing this implies the tech stock could climb around 40% in 2026.
To me, Weebit's potential to dominate market share in the memory technology market, and it's predicted outside suggests it could be a great opportunity amid a 2026 AI boom.
