Chipmaker Advanced Micro Devices (NASDAQ: AMD), typically known by its initials AMD, has been beaten down over the past year or so, and is starting to look — dare I say it — cheap. AMD is often overlooked because of its distant-second market share to Nvidia when it comes to GPUs (graphics processing units) for data centers and other AI applications. First, while it’s certainly true that AMD is a distant second in this market, the data center GPU space is big enough to have multiple winners.