If I could buy only 1 ASX stock to bet on the AI boom in 2026, it would be this one

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.

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.

At the time of writing on Monday afternoon the shares are 14.9% higher at $5.63 a piece. Over the course of 2025, Weebit shares have jumped 75.39% although the majority of this was throughout the final quarter of 2025. The shares have climbed 45% since the 1st of October. 

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 as much as 43.09% 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.

The post If I could buy only 1 ASX stock to bet on the AI boom in 2026, it would be this one appeared first on The Motley Fool Australia.

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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