SUB function allows to substitute text inside awk
sub(regexp, replacement, target)
where regexp could be a full regular expression
$ cat file
AAAAA
BBBB
CCCC
DDDD
EEEE
FFFF
GGGG
$ awk '{sub("AAA","XXX", $0); print}' file
XXXAA
BBBB
CCCC
DDDD
EEEE
FFFF
GGGG