13 Most Profitable Growth Stocks to Buy Right Now

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2. Advanced Micro Devices Inc. (NASDAQ:AMD)

On March 2, UBS analyst Timothy Arcuri reiterated a Buy rating on Advanced Micro Devices Inc. (NASDAQ:AMD) while lowering the firm’s price target. He reduced the firm’s price target on the stock from $330 to $310.

The analyst continues to express confidence in the company’s long-term outlook, supported by AI-driven data center expansion and rising demand. He expected revenue growth to accelerate in 2027. Advanced Micro Devices Inc. (NASDAQ:AMD) also suggested it may add a third large gigawatt-scale customer, in addition to  Meta Platforms and OpenAI. Timothy Arcuri believes that the customer could potentially be Microsoft.

Moreover, the company rejected concerns that warrant agreements and 10% equity deals are required for gigawatt-scale contracts. Advanced Micro Devices Inc. (NASDAQ:AMD) described these structures as unique to large AI model developers that control much of the ecosystem. It views such equity partnerships as a long-term benefit. The company believes the partnerships can help speed up market share gains in accelerators.

In addition, Advanced Micro Devices Inc. (NASDAQ:AMD) remains confident in its CPUs (central processing units) business. It projects growth to exceed its modeled 18% annual rate, supported by stronger pricing and higher volumes. The analyst views the stock as an attractive opportunity in the second half of 2026.

Advanced Micro Devices Inc. (NASDAQ:AMD) is a leading semiconductor company specializing in high-performance computing and graphics solutions. Its broad product portfolio includes microprocessors, graphics processors, and system-on-chip (SoC) solutions designed for data centers, gaming, and embedded systems.

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