Bullish on artificial intelligence? Here are 4 ASX shares to consider

Artificial intelligence has taken the world by storm and is expected to create tremendous value over the coming years, and these four ASX AI stocks are well placed to benefit from this powerful long-term structural trend.

NEXTDC Limited (ASX: NXT) 

is one of the best ASX AI stocks and the company in 1H FY26 reported record results with total revenue up 13% year-on-year to $231.8 million while net revenue rose 13% to $189.2 million.
Underlying EBITDA increased 9% to $115.3 million which shows strong operational momentum compared to the previous corresponding period.

Contracted utilisation surged 137% to 416.6MW and the forward order book stands at 296.8MW which is expected to convert into revenue between FY26 and FY29.

Recent developments include approvals for new data centres plus capacity upgrades across key facilities while the company also plans to raise additional capital and may partner with third party investors to fund future growth.

The outlook is very strong because management expects another record financial performance in FY26 which is supported by a record sales pipeline and an impressive liquidity of $4.2 billion.

Megaport Limited (ASX: MP1) 

in H1 FY26 reported revenue rose 26% year-on-year to $134.9 million while gross profit rose 31% and EBITDA rose 28% to $35.3 million which shows strong operating leverage and expansion compared to the previous corresponding period.

Recent developments include expansion into new markets and deployment of 400G network capacity and AI assisted development while continued investment in product innovation is driving more than 30% of ARR growth.

The outlook is positive because customer growth, new product launches and global data centre expansion are expected to support long-term revenue growth which positions the company among the best ASX AI stocks benefiting from rising demand.

The ARR growth along with improved margins and a larger global network footprint position the company well for sustained long-term growth.

Appen Limited (ASX: APX) 

is one of the best ASX AI stocks and the company in FY25 reported revenue increased 4.5% year-on-year to $230.8 million while gross margin improved to 40.3% and underlying EBITDA surged 251% to $12.2 million which shows strong margin improvement and an operational turnaround compared to the previous corresponding period.

High margin generative AI projects and cost efficiencies from automation and technology improvements drove this growth which improved profitability metrics during the year.
Appen China was a key highlight where revenue rose 75% year-on-year to $102.9 million because of strong demand from LLM and generative AI projects.

The outlook remains positive as FY26 guidance expects revenue between $270 million and $300 million which is supported by strong demand for AI data and foundation model development.

DigiCo Infrastructure REIT (ASX: DGT) 

in 1H FY26 reported total revenue of $108.3 million which was up 11.5% from the previous corresponding period while underlying EBITDA rose 15% to $57 million which reflects strong operating performance and growth in contracted capacity.

The REIT also reported 22MW of contract wins and the Australian business grew 95% while total contracted IT capacity reached 85MW which shows strong demand because AI and cloud infrastructure are expanding fast.

Key metrics include liquidity of $658 million and gearing of 35.8% which is within the target range while NAV per security is around $4.50 which indicates a strong balance sheet and ability to fund expansion projects.

The outlook is positive because FY26 underlying EBITDA guidance is around $125 million while the annualised EBITDA run rate is expected to reach $180 million.

(Source: Company Reports)