Hi Kyle,
As the AMA agent is using outbound connections to the Azure Monitor endpoints, the outbound IP must not be static.
Further, here is a list of endpoints which must be reachable from the VM where the agent is installed:
https://learn.microsoft.com/en-us/azure/azure-monitor/agents/azure-monitor-agent-network-configuration?tabs=PowerShellWindows#firewall-endpoints
Hope this answers your question.
cheers