Advanced Micro Devices, Inc. (NASDAQ:AMD<\/strong>) is one of the debt free halal stocks to buy<\/strong>. On March 3 at the Morgan Stanley Technology, Media & Telecom Conference 2026, Advanced Micro Devices (NASDAQ:AMD) CEO Lisa Su reiterated that the company\u2019s strategic focus is on the data center and AI markets.<\/p>\n Dragon Images\/Shutterstock.com<\/p>\n The company is eyeing growth opportunities through strategic partnerships as part of its new push. It has already inked a 6-gigawatt strategic partnership with Meta Platforms . Under the terms of the agreement, the company is to power Meta\u2019s next-generation AI infrastructure across multiple generations of AMD Instinct GPUs.<\/p>\n Last year, AMD inked a strategic partnership with OpenAI to deploy 6 gigawatts of compute. The first gigawatt deployment of AMD Instinct MI450 GPUs is to\u00a0 commence in the second half of the year.<\/p>\n The strategic partnerships come as Advanced Micro Devices eyes $120 billion in AI revenue in a market projected to exceed $1 trillion. The push comes as the company eyes 35% compound annual growth rate over the next 3 to 5 years with earnings per share of over $20.<\/p>\n Advanced Micro Devices, Inc. (NASDAQ:AMD) is a leading global semiconductor company that designs and sells high-performance computing components, including CPUs, GPUs, FPGAs, and data center AI accelerators. It powers PC, gaming, data centers, and embedded systems, with a major focus on AI infrastructure.<\/p>\n 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<\/strong>.<\/p>\n READ NEXT: <\/b>12 Best Consumer Goods Stocks Billionaires Are Quietly Buying and <\/b>Goldman Sachs Penny Stocks: Top 12 Stock Picks<\/b>.<\/p>\n<\/div>\n<\/div>