10 Fastest-Growing AI Stocks to Buy Now

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4. Nvidia Corporation (NASDAQ:NVDA)

Despite its $5.49 trillion market cap, Nvidia Corporation (NASDAQ:NVDA) is still expanding quickly. The company has increased its earnings by 94.51% this year and is targeting another 69.99% growth next year. For the fiscal second quarter ended July 26, revenue jumped 106% to $96.2 billion. Data center revenue came in at $89 billion, rising 117%.

Going forward, it forecasts third-quarter revenue of $108 billion with a possible variation of 2%. Management says demand remains strong, pointing to “multiple frontier labs scaling in parallel.” Nvidia has also increased its supply commitments to meet that demand. Those commitments climbed from $119 billion previously to $279 billion. This sharp increase points to strong demand ahead. But investors are asking why the stock’s forward P/E is below its five-year average. A more bullish take comes from Dan Ives, who argues investors are overlooking a $4 trillion AI spending wave. 

Nvidia faces ongoing risks from customer concentration, China export restrictions, and uncertainty over future rules. One direct customer accounts for 16% of the company’s second-quarter revenue.

3. Marvell Technology Inc. (NASDAQ:MRVL)

Marvell Technology Inc. (NASDAQ:MRVL) makes custom AI chips and connectivity technology for cloud data centers. Analysts project earnings to grow by 72.79% next year. Its fiscal second quarter ended on August 1. In the second quarter, the company reported record revenue of $2.739 billion, up 73% from a year earlier. Growth in the Data Center segment accelerated to 46%. Marvell guided for third-quarter revenue of $3.150 billion, with a possible variation of 5%.

Management expects growth to accelerate further. CEO Matt Murphy called AI-related bookings “exceptionally robust.”  He also expects the Custom business to accelerate in the second half of fiscal 2027. The company increased its fiscal 2028 revenue outlook from $18 billion to around $20 billion. Moreover, it set a fiscal 2031 revenue target of $70 billion to $90 billion. These projections suggest management’s confidence in its business. However, supply chain delays do not necessarily affect every supplier equally. For example, the reported delay in Google’s next TPU may have only a limited and indirect effect on Marvell.

2. Celestica Inc. (NYSE:CLS)

Celestica Inc. (NYSE:CLS) offers switches, servers, and integrated systems that AI labs and hyperscalers need to support their data center operations. The company reported its third-quarter fiscal 2026 earnings on October 26. So far this year, the company grew its earnings by 84.93% and expects another  75.59% increase next year. Revenue for the quarter surged 83% to $5.83 billion. Adjusted EPS more than doubled to $3.30. Revenue and EPS both came in above the high end of guidance. Strong quarter prompted Celestica to raise its full-year 2026 revenue and adjusted EPS guidance. The company now expects $21 billion in 2026 revenue and $11.55 in adjusted EPS.

Looking further ahead, it also issued its first 2027 forecast. The company is targeting $40 billion in revenue, which will represent an impressive 90% growth. Adjusted EPS is estimated at $21.50. Management highlighted that customer demand forecasts for 2028 are meaningfully higher. The company is already seeing signs of demand extending into 2028. However, a key question is whether Celestica’s shift from contract manufacturing toward AI system design can make that growth more durable.

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

Advanced Micro Devices Inc. (NASDAQ:AMD) takes the top spot on my list with the strongest projected earnings growth. The company has reported EPS growth of 83.21% this year and is expected to grow by another 109.94% next year. Meanwhile, our database shows that 164 hedge funds own shares. In the second quarter, revenue rose 50% to a record $11.5 billion. The Data Center segment was a key growth driver, with revenue more than doubling to $6.7 billion.

On the earnings front, GAAP diluted EPS jumped 156% to $1.38, while non-GAAP EPS climbed even more to $1.66. However, the year-over-year comparisons benefited from the same period last year’s $800 million in inventory and related charges linked to US export controls on AMD’s MI308 GPU. For the third quarter, management forecasts revenue of about $13 billion. Heading into the third quarter, it caught the attention of GF Securities analyst Jeff Pu. The analyst raised his price target on the shares to $720

CEO Lisa Su said the company’s Helios rack is starting to ramp up, and it struck a partnership with Anthropic for up to 2 gigawatts of MI450 GPUs. The challenge may now be meeting demand, rather than finding customers, as I discussed earlier; AMD’s biggest constraint is now chip supply, not demand.

While we acknowledge the potential of AMD to grow, we believe certain AI infrastructure stocks offer far stronger long-term potential at a much more attractive entry point. If you are looking for an AI stock more promising than AMD that operates as a critical AI tollbooth and stands as the most important company in the world, check out our report about this must-own AI stock.

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