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artificial intelligence (AI) boom has been driving some of the biggest gains in the stock market in recent years. A report from JP Morgan Asset Management found that ever since ChatGPT launched in November 2022, AI-related stocks have accounted for 75% of S&P 500 returns. Major tech companies like Microsoft, Amazon, Alphabet, and Meta Platforms are investing hundreds of billions of dollars in high-powered chips and vast data centers to build the infrastructure of AI, which they hope will lead the next transformative wave of innovation and economic growth.But in the past few months, some investors have turned skeptical about the AI stock story. In August 2025, an MIT study was published showing that 95% of generative AI projects at businesses failed to deliver a measurable return on investment. This MIT study was a potential warning sign to investors. If businesses can't figure out how to use AI to make money, save money, or be more productive and efficient, all of this AI capital expenditure (capex) spending by these major tech companies might not pay off, and would be halted.Some investors are concerned that AI companies are spending too much on capital expenditures for AI, that AI is not demonstrating enough clear real-world use cases and profitable product opportunities, and that the expected returns on all of this AI capex might not arrive. The AI boom might turn into an AI bubble.The good news is that no matter what happens next with AI companies, you can still invest in a major tech stock that might not be affected by a possible AI bubble. Here's a closer look at why this company could be a good stock to buy in 2026.Apple (NASDAQ: AAPL) is one of the world's largest and most influential tech companies, but it's not an "AI company" or an "AI stock" in the same way as Oracle, Nvidia, Microsoft, or Alphabet is. That's because Apple's not spending nearly as much on AI as these other companies, and Apple's business model doesn't depend on the future promise of AI. In fact, earlier in 2025, Apple was widely criticized for not moving fast enough on AI and being "behind" on AI strategy.But Apple's patient approach to AI might turn out to be a good thing for Apple shareholders. Apple has managed to avoid getting dragged into a costly AI arms race. Instead of plowing billions of dollars into data centers, Apple has focused on its core business of selling phones and laptops. If you're worried that valuations of AI stocks have gone too high, but you don't want to give up on "Magnificent Seven" tech stocks, Apple could be a good choice.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,858.47 +12.97 (+0.19%)Dow 3048,382.39 +319.10 (+0.66%)Nasdaq23,235.63 -6.36 (-0.03%)Russell 20002,508.22 +26.32 (+1.06%)VIX14.51 -0.44 (-2.94%)Gold4,329.60 -11.50 (-0.26%)Trending tickersBTC-USD Bitcoin USD 89,466.00 +709.44 (+0.80%)PLTR Palantir Technologies Inc. 167.86 -9.89 (-5.56%)ETH-USD Ethereum USD 3,085.94 +67.18 (+2.23%)XRP-USD XRP USD 1.99 +0.12 (+6.39%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)PortfolioSign in to access your portfolioSign inTop gainersFLNC Fluence Energy, Inc. 23.01 +3.23 (+16.33%)SNDK Sandisk Corporation 275.24 +37.86 (+15.95%)SMR NuScale Power Corporation 16.31 +2.14 (+15.10%)BIDU Baidu, Inc. 150.30 +19.64 (+15.03%)ASTS AST SpaceMobile, Inc. 83.47 +10.84 (+14.93%)Top losersPAY Paymentus Holdings, Inc. 28.47 -3.12 (-9.88%)KVYO Klaviyo, Inc. 29.32 -3.15 (-9.70%)LQDA Liquidia Corporation 31.40 -3.09 (-8.96%)APP AppLovin Corporation 618.32 -55.50 (-8.24%)PSNY Polestar Automotive Holding UK PLC 19.81 -1.56 (-7.30%)Most activeONDS Ondas Holdings Inc. 11.02 +1.26 (+12.91%)NVDA NVIDIA Corporation 188.85 +2.35 (+1.26%)PLUG Plug Power Inc. 2.2300 +0.2600 (+13.20%)INTC Intel Corporation 39.38 +2.48 (+6.72%)TSLA Tesla, Inc. 438.07 -11.65 (-2.59%)Top economic eventsEarnings eventsMy earnings eventsEarnings events