Amazon (AMZN) Boosts Position in AMD: What it Means for Both Stocks
Amazon (AMZN) just initiated an increased position in AI tech company Advanced Micro Devices (AMD), according to a recent 13F filing. The e-commerce giant joins Oracle, Meta Platforms, and Microsoft as Nvidia customers that are turning toward AMD. AMD has become one of the strongest rivals to Nvidia, but remains in a distant second place to the Blackwell chip creator.
In Q1 2025, Amazon increased its exposure to chip stocks by initiating its position in AMD. Per the 13F filing, Amazon purchased 822,234 shares of AMD, worth about $84 million at its current price. Amazon holds stock in nine public companies. Among its long-term positions are electric vehicle (EV) manufacturer Rivian Automotive, as well as semiconductor stock Marvell Technology.
Both Amazon (AMZN) and AMD stock are up double digits in the past month. AMZN is up 18% since April 20, while AMD has surged nearly 30%. With the AI sector thriving and AWS’ recent success, both AMD and AMZN have momentum on the stock market.
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How the Position Affects AMZN and AMD Stock
Over the last couple of years, Amazon has invested $8 billion into an artificial intelligence (AI) start-up called Anthropic. Per the terms of their partnership, Anthropic uses Amazon’s cloud infrastructure, Amazon Web Services (AWS), to train its generative AI models. Since Anthropic has become a new pillar supporting AWS, the cloud infrastructure business has accelerated both revenue growth and operating margin. This is important, as these dynamics underscore that Amazon is already generating strong unit economics on its AI-related investments.
As for AMD, at press time, AMD’s forward price-to-earnings (P/E) multiple is 29. For context, the average forward P/E across the S&P 500 index is about 20. The company reported strong first-quarter 2025 results, beating analyst expectations with $7.44 billion in revenue—a 36% year-over-year increase—and non-GAAP EPS of $0.96, up 55%. Despite a slight sequential dip due to prior-year demand spikes, management expects growth to resume in H2 with new MI350 accelerators. Therefore, investor sentiment in AMD is up, especially following the Amazon position.
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Amazon (AMZN) Boosts Position in AMD: What it Means for Both Stocks
Amazon (AMZN) just initiated an increased position in AI tech company Advanced Micro Devices (AMD), according to a recent 13F filing. The e-commerce giant joins Oracle, Meta Platforms, and Microsoft as Nvidia customers that are turning toward AMD. AMD has become one of the strongest rivals to Nvidia, but remains in a distant second place to the Blackwell chip creator.
In Q1 2025, Amazon increased its exposure to chip stocks by initiating its position in AMD. Per the 13F filing, Amazon purchased 822,234 shares of AMD, worth about $84 million at its current price. Amazon holds stock in nine public companies. Among its long-term positions are electric vehicle (EV) manufacturer Rivian Automotive, as well as semiconductor stock Marvell Technology.
Both Amazon (AMZN) and AMD stock are up double digits in the past month. AMZN is up 18% since April 20, while AMD has surged nearly 30%. With the AI sector thriving and AWS’ recent success, both AMD and AMZN have momentum on the stock market.
Also Read: ChatGPT Predicts The Future Of The US Dollar 20 Years From Now
How the Position Affects AMZN and AMD Stock
Over the last couple of years, Amazon has invested $8 billion into an artificial intelligence (AI) start-up called Anthropic. Per the terms of their partnership, Anthropic uses Amazon’s cloud infrastructure, Amazon Web Services (AWS), to train its generative AI models. Since Anthropic has become a new pillar supporting AWS, the cloud infrastructure business has accelerated both revenue growth and operating margin. This is important, as these dynamics underscore that Amazon is already generating strong unit economics on its AI-related investments.
As for AMD, at press time, AMD’s forward price-to-earnings (P/E) multiple is 29. For context, the average forward P/E across the S&P 500 index is about 20. The company reported strong first-quarter 2025 results, beating analyst expectations with $7.44 billion in revenue—a 36% year-over-year increase—and non-GAAP EPS of $0.96, up 55%. Despite a slight sequential dip due to prior-year demand spikes, management expects growth to resume in H2 with new MI350 accelerators. Therefore, investor sentiment in AMD is up, especially following the Amazon position.
Read More
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