Advanced Micro Devices, Inc. (NASDAQ:AMD) is among the 5 Tech Stocks with Best Earnings Growth in 2026. On March 3, Advanced Micro Devices, Inc. (NASDAQ:AMD) participated in the Morgan Stanley Technology, Media & Telecom Conference 2026, showcasing the company’s strategic focus on both data center and AI markets. Featuring CEO Lisa Su, the discussion outlined strong growth through collaborations and product innovation.

Over the next three to five years, Advanced Micro Devices, Inc. (NASDAQ:AMD) anticipates a 35% CAGR, targeting more than $20 in EPS over the same period. Moreover, the company plans to secure $120 billion in AI revenue from an expected $1 trillion market by 2030. The company aims to achieve over 80% CAGR in its data center AI segment, particularly driven by the growing demand for MI450 and similar products.

On the operational side, Advanced Micro Devices, Inc. (NASDAQ:AMD) is well-positioned to benefit from its partnership with Meta and its relationship with OpenAI. While expressing optimism for the company’s future, the CEO said,

“I think as we look at the market dynamics, as we look at the product dynamics, I think we are, you know, very much on track to that and, you know, with an ambitious target of, you know, over $20 of earnings per share in that timeframe. Lots to be excited about.”

Later, on March 16, Wolfe Research reiterated an Outperform rating on Advanced Micro Devices, Inc. (NASDAQ:AMD) with a price target of $300. This reaffirmation comes after a company call on March 13. The firm states that the company maintained a cautious tone regarding the client and gaming segments due to higher memory pricing.

Advanced Micro Devices, Inc. (NASDAQ:AMD) is a California-based semiconductor company operating in three segments: Data Center, Client and Gaming, and Embedded. Founded in 1969, the company serves a diverse clientele, including original equipment and design manufacturers, system integrators, and distributors.

While we acknowledge the potential of AMD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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