AMD Revenue Rockets 50%: 2 Undervalued Chip Stocks With Long-Term EPS Growth (NASDAQ:AMD)

Stock Ideas Quick Picks & Lists AMD Revenue Rockets 50%: 2 Undervalued Chip Stocks With Long-Term EPS Growth +100% Aug 05, 2026, 2:12 PM ET MU , SNDK , AMD 30 Comments 3 Likes Steven Cress, Quant Team SA Quant Strategist Follow Summary Early Mag 7 results have reinforced the AI bull case, signaling stronger demand, rising capex, and improving economics around AI spend. SpaceX's reported AI revenue is up 247% Y/Y, and management noted AI demand is far outpacing memory supply, a favorable dynamic for key semiconductor names. AMD is the latest major AI name to report. Revenue rose 50%, driven by a 107% jump in data center sales, while Q3 revenue guidance also topped consensus. The recent chip selloff, paired with strong AI narratives from major tech names, creates a dip-buying opportunity in semiconductors with strong fundamentals. By leveraging Seeking Alpha’s screeners, SA Quant has identified two other compelling chip opportunities with similar growth and excellent valuations, in addition to AMD. I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks , which selects the two most attractive stocks to buy each month, and also determines when to sell them.