Top 5 ASX AI Stocks Set to Explode in 2026

These ASX AI and infrastructure shares show strong growth, big contracts, acquisitions, and expansion opportunities into 2026 ahead.

NEXTDC Ltd (ASX: NXT) 

announced on 5 May 2026 that it secured A$1.8 billion in new senior debt commitments, increasing available senior debt facilities to A$8.2 billion. 
As at 31 March 2026, contracted utilisation rose to 667MW after a record 250MW increase at S4, while the Forward Order Book grew 83% to 544MW. 

The company expects the Forward Order Book and existing billing utilisation to generate EBITDA exceeding A$1.0 billion and plans to invest about A$1.5 billion to accelerate S4 development through FY27.

Megaport Limited (ASX: MP1) 

announced several major AI infrastructure wins in 2026. 
On 27 April 2026, its subsidiary Latitude.sh secured a 3-year compute and storage contract worth A$35.4M. 

On 14 May 2026, the company won three GPU, CPU, network and storage agreements with a combined value of A$254.0M and ARR of A$90.6M. 
On 3 June 2026, Megaport announced four additional AI infrastructure contracts worth A$458.9M, launched a A$350.0M GPU Pool initiative, and raised A$827.3M through an entitlement offer. FY26 revenue guidance was narrowed to A$307M–A$315M.

Appen Ltd (ASX: APX) 

showed in its FY26 update that high value human generated data remains important for AI development, helping models improve reasoning, language skills, coding ability and real world understanding. The company provides this data to leading AI developers worldwide.
Appen has expanded its capabilities to meet more advanced AI needs including coding evaluation, robotics datasets, multilingual speech projects and enterprise AI applications. During FY26, it delivered projects across about 60 languages and several specialised AI areas.
For FY26, APX is focused on data quality, customer growth, new data categories and operational efficiency.

Nuix Ltd (ASX: NXL) 

announced on 20 April 2026 the completion of its Linkurious acquisition for about A$27 million. The deal adds graph data visualisation capabilities and increased FY26 ACV guidance to A$252–272 million.

In its 1H26 update, NXL achieved ACV of A$234.4 million, improved 8.4% whereas Nuix Neo ACV jumped 148% to A$46.8 million. The revenue increased 15.2% to A$121.2 million, adjusted management EBITDA rose 42.6% to A$19.1 million and cash balance stood at A$57.8M.
On 23 April 2026, the Federal Court dismissed ASIC’s proceedings against Nuix and its former directors regarding alleged 2021 disclosure breaches and misleading conduct.

Digico Infrastructure REIT (ASX: DGT) 

announced on 6 May 2026 the binding sale of its Chicago (CHI1) asset for US$750 million about 5% above the purchase price. The transaction is expected to reduce net debt from around A$1.5 billion to A$0.5 billion, lift available liquidity to about A$0.9 billion and lower gearing from 36% to 17%. The released capital will be directed toward the accelerated SYD1 development.

On 12 June 2026, DGT entered a conditional agreement to sell its Los Angeles LAX1 and LAX2 sites at a price broadly in line with acquisition cost. Following the LAX and CHI1 sales, available liquidity is expected to reach about A$1.0 billion, providing funding for the SYD1 project. DGT also reaffirmed FY26 underlying EBITDA guidance of A$125 million.

(Source: Company Report)