The predictions of the market among the early believers of AI stocks have already been fulfilled, while the latecomers have that feeling as if they have arrived quite late. However, when a company like Palantir experiences a more than 32-fold increase from its lowest price in 2022, it is very reasonable to think that the most significant part of the profit has already been recognized.
Also, as per the forecasts of the analysts, the global AI market would be growing at the compound annual rate (CAGR) of approximately 31% for the next ten years.
This type of growth leaves room for several 10x winners by the year 2036. Although no share can be considered risk-free over a ten year period, but some companies stand out due to their position, vision, ability to influence and control the way the AI is built, installed, and monetized.
These are the three companies that represent high-conviction opportunities for investors with a long-term view.
Advanced Micro Devices (AMD):
Without a doubt, at first sight, Advanced Micro Devices is not a typical candidate for a 10x success story. Since 2015, the stock price has skyrocketed by over 13,000%, and Nvidia is still the ultimate one that is at the top of the AI accelerator market.
Nevertheless, AMD is the one company having the scale, engineering strength, and dream to challenge Nvidia’s supremacy. AMD claims that its future MI450 accelerator might eventually reduce the performance disparity in AI compute.
If somehow this is achieved, it will be a total shift in the data center market. Besides that, AMD’s CPU business keeps it surrounded by the PC, server, gaming console, and embedded system markets, all of which will continue to receive AI integration benefits.
The management has set a target of 30% long-term revenue growth in general, while it is already up to 60% for the data center segment. It seems that investors are in tune with the developments around the stock, as it has gained a total of 70% over the last year.
The valuation at first sight might seem very high, but the forward earnings ratio is more acceptable and reasonable for a firm that plans to use the AI hardware ecosystem, and are aiming to be a major player in it. In such a scenario, AMD’s efforts could change the perception about the coming decade.
CoreWeave:
CoreWeave is slowly but surely establishing its presence in the cloud industry, which is mainly controlled by the likes of Amazon and Microsoft, but it is doing so by gradually building up its client base through providing strong services. Rather than trying to be a provider for every kind of computing power, CoreWeave has created an infrastructure that is meant for AI workloads, which is specifically powered by Nvidia’s GPUs.
The core of CoreWeave’s attractiveness is not just its performance factor, but also the convenience factor that is involved in the whole process. The process of constructing and operating data centers is not only capital-intensive, but is also very complicated in terms of operations, and many firms would prefer to hand over that burden to a service provider.
In fact, this is what CoreWeave has done and that has resulted in extraordinary demand coming their way. In 2025, during the first nine months of their operations, the company experienced an increase in revenue of more than 200% as compared to the previous year, bringing total sales to almost $3.6 billion.
However, this growth has not come without its challenges. The company’s expenses have doubled, interest payments have shot up, and it is still unprofitable. On the other hand, the losses are gradually reducing and the company’s stock is trading at a high discount compared to its peak prices recently.
With a price-to-sales ratio being slightly higher than 7 and a customer base growing fast, it indeed presents a classic risk and reward scenario. If it manages to keep its growth going on while controlling its costs, the next ten years might be a golden period for the company in terms of profits.
Upstart Holdings
Unlike most financial technology companies, Upstart is aiming to compete with the FICO score, which is the most widely used scoring system in the industry. For a long time, lending decisions have been made using rather fixed models that automatically exclude a lot of deserving borrowers.
Upstart’s AI-powered system is set to break this cycle by tracking over 2,500 variables and by making almost all the lending decisions by itself.
Now, the company’s system deals with more than 90% of approvals without needing human input, and it has proved its capability to approve significantly more applicants with the same risk as the traditional ones.
The moment when interest rates began to fall again, the business of Upstart bounced back heavily, with a revenue increase of 57% during the first nine months of 2025 and a return to profit making. In spite of these advancements, the stock price has not recovered much and is still trading far below its pandemic-high price.
When looking at a reasonable price-to-sales ratio and a huge potential market that could be addressed, Upstart presents itself as a modern AI player. If its technology keeps proving effective regardless of the economic conditions, a gradual recovery with more would become possible.
A Decade-Long View on AI Winners
Spotting a 10x stock requires patience, firm belief, and acceptance of fluctuating prices. AMD, CoreWeave, and Upstart are in totally different AI sectors, but they all share a common ground, they are dealing with a major limitation, which is computing power, infrastructure and intelligence in decision making.
If the expected pace of AI adoption occurs, they might be much bigger and more dominant by 2036 than they are now. These stocks can be a good opportunity for investors with a long-term vision, since this offers ambition with opportunity to succeed.
