What are the Top 3 Artificial Intelligence (AI) Stocks to Buy Right Now?
Technology stocks have been the best in 2026. The rise of artificial intelligence (AI) has brought huge benefits, but this year, Wall Street’s “Great Rotation” away from the technology sector has caused stock prices to fall for many successful companies.
The market appeared to be turning back to technology in April, although you can still find many top artificial intelligence stocks with compelling valuations. Some of them include The Oracle (NYSE: ORCL), Atlassian (NASDAQ: TEAM)again Service Now (NYSE: NOW).
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These three are benefiting from businesses that are developing because of artificial intelligence. Here’s an in-depth look at each company.
Wall Street soured on Oracle in 2026, with shares falling sharply below the 52-week high of $345.72 reached last September. The reaction is understandable. The tech giant is among cloud computing hyperscalers pouring huge sums of money into infrastructure to support AI, and investors have been worried the spending won’t pay off.
The reality is that AI requires massive computing power to access the billions of data parameters needed to deliver its insights. Furthermore, only a few organizations can afford the huge costs of hardware, electricity, cooling, and maintenance associated with running data centers housing AI systems. Oracle is one of these, providing an economic channel that brings customers to its door as the adoption of AI accelerates.
The company is already meeting high customer demand for its AI infrastructure. In its third fiscal quarter (Q3) of 2026, which ended Feb. 28, revenue in Oracle’s cloud computing division increased 44% year-on-year to $8.9 billion, helping to propel Q3 sales to $17.2 billion, an increase of 22% year-on-year.
In addition, its residual operating obligations (RPO) increased by a staggering 325% year-over-year in Q3. The impressive growth here underscores strong customer appetite for Oracle’s AI data centers.
In fact, the company’s CEO Clay Magouyrk said, “Demand for AI infrastructure… continues to outstrip supply.” This situation ensures Oracle’s capex utilization, which is needed to unlock additional revenue growth.
Shares of ServiceNow have been hit hard this year, down more than 30% through April 22. Wall Street believes AI will make its business obsolete.
That sentiment is based on AI’s ability to perform tasks autonomously, which Wall Street fears will lead customers to replace ServiceNow’s workflow management platform. That is not possible for several reasons.
As mentioned above, AI needs data to perform tasks. ServiceNow is highly detailed, 85 billion jobs that must be precise, and specific to the customers it serves. This allows the company to tailor its AI services to meet the business needs of each customer, and competitors without this expertise will be hard-pressed to match this capability.
An example is ServiceNow’s new Context Engine product, launched in April, which uses organizational policies, approval processes, and vendor relationships to enable its AI agents to make the right decisions.
ServiceNow’s business shows no signs of slowing down. In the first quarter of 2026, sales rose 22% year-over-year to $3.8 billion, with $3.7 billion of that coming from subscription revenue, a predictable, emerging revenue source. It also expects subscription sales growth of 22% in Q2 2026.
Atlassian provides a variety of software applications to help teams manage and collaborate on projects. I used their Jira platform for years to oversee multi-million dollar projects. I previously didn’t buy the stock because it looked too big — that is, until the 2026 “Great Rotation.”
Atlassian was another stock caught in the selloff, with shares down more than 50% in 2026 on April 22. Despite the price drop, the company is doing well.
In the second quarter of its 2026 fiscal year (ending Dec. 31, 2025), revenue rose 23% year over year to $1.6 billion. Its Q2 revenue RPO of $3.8 billion represents strong 44% year-over-year growth.
Its AI product, Rovo, had five million monthly active users in Q2, and AI is driving more use of Atlassian products, strengthening the company’s market position. For example, software developers use Atlassian’s AI tools to code. According to CEO Michael Cannon-Brookes, “AI is the best thing that can happen to Atlassian.”
The company’s stock is at an attractive level as evidenced by the high fall in its price-to-earnings ratio. Oracle and ServiceNow also experienced significant ratings declines this year.
As the chart shows, all three tech stocks are in double earnings near last year’s low points. Atlassian saw a steep decline from last year.
Given their declining stock prices and successful businesses, Oracle, Atlassian, and ServiceNow are valuable AI growth stocks to buy now and hold for the long term.
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Robert Izquierdo holds positions at Atlassian, Oracle, and ServiceNow. The Motley Fool has positions and recommends Atlassian, Oracle, and ServiceNow. The Motley Fool has a policy of disclosure.
What are the Top 3 Artificial Intelligence (AI) Stocks to Buy Right Now? was first published by The Motley Fool
