10 Best AI Enabler Stocks to Buy Now

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6. Advanced Micro Devices, Inc. (NASDAQ:AMD)

Advanced Micro Devices, Inc. (NASDAQ:AMD) is one of the best AI enabler stocks to buy now.

The latest AI infrastructure angle came on May 8, when Dell Technologies and Advanced Micro Devices, Inc. (NASDAQ:AMD) expanded their on-premises AI platform with support for AMD Instinct MI350P PCIe GPUs in Dell PowerEdge servers. The update matters because AMD is not only trying to compete in giant hyperscale AI clusters but also in enterprise data centers where customers want to add AI capacity without rebuilding their infrastructure from scratch. AMD said the MI350P cards are designed to help enterprises run more models, serve more users, and reduce memory, power, and cooling demands inside existing data centers.

That makes AMD a useful AI enabler beyond the simple “NVIDIA alternative” label. Its pitch combines Instinct GPUs, EPYC server CPUs, and an open ecosystem approach for companies trying to deploy AI across cloud, on-premises, and hybrid environments. The business momentum also supports the angle. On May 5, AMD reported first-quarter 2026 data center revenue of $5.8 billion, up 57% year over year, driven by strong EPYC processor demand and the continued ramp of Instinct GPU shipments. Reuters also reported that AMD forecast second-quarter revenue above Wall Street expectations as AI chip demand remained strong.

Advanced Micro Devices, Inc. (NASDAQ:AMD) develops CPUs, GPUs, adaptive computing products, AI accelerators, embedded processors, and related software for data centers, PCs, gaming, industrial, automotive, and communications markets.

While we acknowledge the potential of AMD to grow, our conviction lies in the belief that some other AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMD and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see 5 Best AI Enabler Stocks to Buy Now.

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