Should I Buy AMD Stock in 2025? Complete NZ Guide

What is AMD?

How much is the AMD stock?

The price of AMD stock is rising this week. As of now, AMD shares are trading at $113.03 USD, up 0.15% (or $0.17) in the past 24 hours, with a 1-week gain reflecting the recent upward momentum.

A beta of 1.97 signals higher-than-average volatility. For NZ investors, this elevated beta means prices may swing significantly—both a risk and an opportunity for those seeking dynamic tech market exposure.

Our full analysis on the AMD stock

Having thoroughly reviewed AMD's latest financial results and traced the stock’s performance over the past three transformative years, we leveraged proprietary algorithms combining fundamental metrics, technical signals, real-time market data, and competitive benchmarking to provide this analysis. AMD’s Q1 2025 delivered a substantial beat on expectations, while the share price is showing renewed momentum after recent volatility. So, why might AMD stock once again become a strategic entry point into the global semiconductor and AI acceleration sector in 2025?

Recent Performance and Market Context

AMD’s recent stock performance reflects both cyclicality and the exceptional dynamism characterising the global semiconductor sector. As of 29 May 2025, AMD trades at USD $113.03, showing a robust rebound of +17.67% over the past month, decisively outpacing broader technology indices. Despite a -6.42% YTD return and a 1-year drawdown of -31.56%, the 5-year gain stands at +110%, underscoring significant long-term value creation.

Several positive catalysts have underpinned the latest price action:

• Q1 2025 results exceeded all major financial benchmarks, with net profit surging +476% YoY and operating income rising over +2,100%.
• AI and data center demand drove an accelerated topline, marking the fourth consecutive quarter of revenue acceleration.
• The strategic acquisition of ZT Systems, finalized in March, expanded AMD’s capacity to address hyperscale and cloud infrastructure clients, while divesting the manufacturing component to Sanmina refocused capital on design and enablement — directly supporting growth in AI systems.
• CEO Dr. Lisa Su’s global recognition (TIME 100) and prominent partnership announcements, including tie-ups with Oracle and Google Cloud, have enhanced investor confidence in AMD’s industry leadership.

The macroenvironment for semiconductors is especially constructive: global AI deployment, expansion in connected infrastructure, and digital transformation trends position high-performance compute leaders at the core of secular growth. For NZ-based investors, the US dollar-denominated nature of AMD’s listing offers portfolio diversification and direct exposure to the US technology ecosystem, which remains the world’s most fertile ground for innovation.

Technical Analysis

From a technical perspective, AMD is demonstrating promising early-stage bullish signals after a challenging first half of the year:

• Relative Strength Index (14 days): Currently at 59.68, reflective of positive though not yet overbought momentum, allowing headroom for further appreciation.
• MACD: The value of 4.19 highlights constructive short-term bullish momentum.
• Key support zones: Immediate supports sit around $112.03, $111.20, and $109.74, all of which have seen meaningful buying interest in recent sessions.
• Primary technical support: Remains $78.21 (established over the past six months), with a higher support region around $94.78–$96.62 providing a formidable buffer during any market retracement.
• Short-term resistance: The stock faces its next technical ceiling at $115–$117. A confirmed close above this range would likely signal a new bullish phase.

The convergence of rising volume, supportive RSI, and intact support levels — coupled with a well-defined path to technical resistance — bodes well for momentum-driven investors seeking dynamic entry points before further positive catalysts materialise.

Fundamental Analysis

AMD’s underlying fundamentals provide a compelling backdrop for sustained value creation:

• Q1 2025 Results: Revenue rose by +36% YoY to $7.44 billion, driven predominantly by Data Center (+57% YoY) and Client (+68% YoY) segments.
• Gross margin (non-GAAP) reached 54%, reflecting robust pricing power and operational efficiency.
• Operating income: Non-GAAP operating income of $1.78 billion represented a +57% YoY surge, a testament to AMD’s scalable, profitable business model.
• Net income and EPS: Non-GAAP diluted EPS came in at $0.96, up +55% YoY, highlighting AMD’s ability to translate top-line momentum into bottom-line growth.
• Valuation: Although the current P/E of 82.5x (trailing twelve months) suggests a premium growth multiple, the normalised forward P/E (30.88x) and P/S ratio of 6.65 are consistent with high-quality peers at the forefront of major tech cycles — especially those aligned with AI acceleration.
• Cash position and leverage: AMD holds $7.31bn in cash versus $4.16bn total debt, with a conservative debt/equity ratio (8.17%), granting it flexibility to invest, innovate, and pursue further strategic growth.
• Market consensus: The Street’s price target of $127.53 (ca. +30% upside) aligns with fundamentals and recent performance beats.

Strategically, AMD commands structural strengths:

• Innovation leadership: Its Zen 5 CPUs and RDNA 4 GPU architectures are winning market share against Intel and Nvidia, especially in data centre and AI inference workloads.
• R&D agility: With ~23% of revenue reinvested into R&D, AMD is clearly committed to maintaining its innovation trajectory.
• Diverse end-markets: Its exposure beyond PC — notably in cloud, edge, embedded, and gaming — provides mitigants against cyclical slowdowns in any one vertical.

All in all, AMD’s fundamentals justify renewed interest from investors looking for companies combining high growth, operational discipline, and strategic clarity.

Volume and Liquidity

AMD remains one of the most actively traded technology stocks globally, with an average 3-month volume of 40.83 million shares and recent sessions consistently near 30 million. This robust liquidity:

• Supports tight bid-ask spreads, attractive for NZ-based investors who may be trading overnight.
• Indicates sustained institutional interest, reinforcing market confidence.
• Provides flexibility, allowing dynamic position sizing for both short-term traders and long-term investors.

The substantial float (over 1.62 billion shares outstanding) ensures that new demand can be absorbed without undue volatility, granting stability as the valuation recalibrates around emerging catalysts.

Catalysts and Positive Outlook

The outlook for AMD is charged with multiple near- and medium-term bullish catalysts:

• AI-driven demand: The global market for AI data centre accelerators is expected to grow rapidly, with estimates of a $500 billion TAM by 2028. AMD’s recent growth demonstrates its real and accelerating traction.
• Product innovation: Immediate market embrace of new processors such as Ryzen Zen 5, leadership GPU launches, and first-day compatibility with cutting-edge AI frameworks like Meta Llama 4 and Google Gemma 3 reinforce its innovative edge.
• Strategic acquisitions: The integration of ZT Systems bolsters its high-value data centre design and client enablement capability, aligning with secular cloud adoption.
• Strategic partnerships: Deepening relationships with Oracle Cloud, Google Cloud, and Core42 (among others) both validate and amplify AMD’s platform adoption.
• Geographic and ecosystem expansion: From France (CEA/Core42) to India (Jio/Cisco/Nokia), AMD is scaling its addressable market globally.
• Standards and openness: Support for the open UALink standard for AI interconnect demonstrates a leadership role in shaping industry direction — a critical competitive advantage in an increasingly interconnected AI landscape.
• ESG momentum: While not yet a primary narrative, AMD’s increasing focus on energy efficiency and responsible AI aligns with investor trends demanding sustainable technology innovation.

For Q2 2025, management projects revenues near $7.4bn (±$300 million), even after accounting for an $800 million headwind from new export restrictions. Adjusted non-GAAP gross margins should trend around 54%, reinforcing the durability of operating leverage despite transient margin impacts.

Investment Strategies

For NZ (and global) investors, multiple time horizons offer attractive entry rationales:

• Short-term:
• Technical momentum and an improving RSI, combined with robust institutional volume, signal a potential new wave of bullish activity should AMD clear the ~$115–$117 resistance zone.
• Tactical entries near current support levels ($112.03–$109.74) may offer a favourable risk/reward profile, especially ahead of Q2 earnings and potential positive analyst revisions.
• Medium-term:
• Imminent catalysts, including new AI chip launches and further partnership announcements, create asymmetrical upside potential.
• The operational integration of ZT Systems and ongoing global expansion offer portfolio rotation opportunities for investors seeking decisive growth exposure.
• Long-term:
• For those building positions for 2026 and beyond, AMD’s secular exposure to AI infrastructure, cloud migration, and digital transformation — coupled with a proven R&D engine — supports a thesis of compound value creation.
• Given relative undervaluation versus “AI pure plays” despite similar growth profiles, AMD seems well-positioned to benefit from multiple expansion as its innovation story continues to play out.

For investors seeking optimal positioning, entering near technical support or in anticipation of a decisive breakout above resistance may represent a pragmatic approach.

Is It the Right Time to Buy AMD?

Summing up, AMD finds itself at an inflection point defined by robust Q1 execution, fundamental financial strength, and a unique blend of near-term catalysts and longer-term secular tailwinds. The combination of data centre and AI leadership, expanding partnerships, a healthy balance sheet, and relentless innovation provides a case for renewed optimism. The technical setup and strong trading volumes further reinforce the view that AMD may be entering a new bullish phase, while consensus price targets offer an attractive risk/reward profile.

Given these dynamics, AMD stock seems to represent an excellent opportunity for investors seeking direct exposure to one of the world’s most influential technology names at the heart of the AI and digital infrastructure revolution. For those focused on innovation leadership and operational excellence in a fast-evolving sector, AMD’s fundamentals and technical positioning justify serious renewed interest. In such a context, AMD stands out as a top-tier candidate for investors looking to capture the next major growth cycle in global semiconductors and AI acceleration.

Ultimately, AMD’s mix of world-class R&D, accelerating financials, and vibrant market momentum indicates that the timing may be particularly favourable for those considering a new or expanded position — and 2025 may, indeed, prove to be a pivotal year for this industry-defining stock.

How to buy AMD stock in New Zealand?

Buying AMD (Advanced Micro Devices) shares online has never been simpler or more secure for investors in New Zealand. Regulated brokers allow you to purchase AMD stock directly or through Contracts for Difference (CFDs), both accessible via intuitive web or mobile platforms. With a spot (cash) purchase, you own the underlying shares; with CFDs, you can trade price movements using leverage. Both methods are supervised by reputable financial authorities, offering strong safeguards for your funds. Choosing the right broker is key—see our broker comparison below to find the option that suits your needs best.

Spot Buying (Cash Purchase)

A spot, or cash, purchase means buying real AMD shares listed on the NASDAQ—so you fully own the stock and can hold it long-term or sell whenever you choose. Most NZ-friendly online brokers charge a fixed commission per trade, typically around NZ$5–NZ$15, plus small currency conversion fees since AMD is US-listed.

Example

If the AMD share price is US$113.03 (approx. NZ$185*), you can buy about 5 shares of AMD with an NZ$1,000 investment. After accounting for a typical NZ$5 brokerage fee, the number of shares is rounded down to cover costs.

✔️ Gain Scenario

If AMD’s price rises by 10%, your shares would now be worth NZ$1,100.
Result: That’s a NZ$100 gross gain—an encouraging 10% return on your stake.

*Exchange rates fluctuate. Figure based on NZD/USD = 0.61.

Trading via CFD

CFDs (Contracts for Difference) allow you to speculate on AMD’s share price without owning the actual shares. With CFDs, you can take both long (buy) or short (sell) positions, and you can apply leverage—meaning you can control a larger position with a smaller upfront stake. Fees typically include a spread (the difference between buy and sell prices) and overnight financing costs if the trade is held open for more than a day.

Example

You open a CFD position on AMD with NZ$1,000 and use 5x leverage. This means you’re exposed to NZ$5,000 worth of AMD shares.

✔️ Gain Scenario

If AMD’s price rises by 8%, your position gains 8% × 5 = 40%.
Result: That’s a NZ$400 gain (excluding spread and overnight fees) on your NZ$1,000 stake.

Final Advice

Before investing, it’s essential to compare brokers’ fees, market access, and trading conditions. Each method—spot buying or CFDs—has unique benefits and risks, and the right choice depends on your investment goals, risk tolerance, and trading experience. Explore our in-depth broker comparison below to find the best option for your needs, and invest in AMD with confidence.

Our 7 tips for buying AMD stock

The latest news about AMD

AMD delivered record-beating Q1 2025 results, highlighting outsized growth in AI and data center segments. Advanced Micro Devices reported Q1 2025 revenue of $7.44 billion, up 36% year-over-year, with operating and net profits beating expectations by soaring over 2,000% and 476% respectively on a GAAP basis. This robust performance was mainly fueled by demand for AI and data center hardware, both high-growth global markets that are increasingly relevant to New Zealand’s tech sector and local cloud providers. The accelerating deployment of AMD-powered infrastructure, coupled with rapid adoption in client and enterprise computing, confirms momentum benefiting downstream technology partners, hardware resellers, and cloud computing players in NZ.

AMD completed the acquisition of ZT Systems and is accelerating its AI systems deployment with a focus on design and enablement teams. In March 2025, AMD finalized its $4.9 billion acquisition of ZT Systems and promptly entered a deal in May to sell ZT’s manufacturing operations to Sanmina for $3 billion. In retaining ZT’s design and client enablement capabilities while offloading manufacturing, AMD is sharpening its focus on innovation and scalable deployment of advanced AI systems. This strategic move strengthens its supply chain flexibility—a key aspect for enterprise customers and datacenter operators in New Zealand who rely on quick, efficient delivery of cutting-edge compute platforms, supporting local digital transformation and AI adoption.

Strategic partnerships with global hyperscalers like Oracle Cloud and Google Cloud bolster AMD’s reach in APAC, including New Zealand. Recent collaborations with Oracle Cloud, Google Cloud, and Core42/G42 support AMD’s advancement in AI acceleration and cloud computing. The value for the NZ market lies in increased access to AMD-powered services and expanded Cloud offerings, critical for universities, research groups, and businesses pursuing generative AI, HPC, and scalable solutions. These partnerships contribute to competitive pricing, greater diversification of hardware supply, and resilience in IT procurement for New Zealand entities.

Technical indicators signal moderated optimism with AMD outperforming on a one-month basis and testing key resistance levels. AMD’s stock price has gained 17.67% over the past month, and is currently trading around $113, approaching a resistance band at $115–117. A 14-day RSI of 59.68 suggests bullish but not overbought conditions, supporting the notion of sustained investor interest after the positive earnings surprise. This technical profile may encourage NZ institutional and retail investors seeking diversification or technology exposure, with added liquidity and price transparency from listing on a major US exchange.

NZ investors benefit from direct market access to AMD with standard NASDAQ settlement and no special regulatory barriers, facilitating seamless allocation to tech growth. With ISIN US0079031078, AMD shares are readily accessible to New Zealand investors via global brokers, with standard US capital gains tax implications and no dividend withholding concerns (as AMD does not pay a dividend). The company’s inclusion in major indices and ETFs enhances its visibility locally, offering NZX participants and funds efficient exposure to a global AI and semiconductor leader aligning with the growth mandates of sophisticated KiwiSaver and institutional portfolios.

FAQ

P. Laurore

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Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.