I feel people have underestimated how potentially impactful the AMD/XLNX merger can be.

AMD now has a complete stack to compete in the DCG. They have bespoke accelerators, storage, FPGA, CPU (x86, ARM), (lowest latency) smartNICs and GPU.

They now are a player in the 5g communications market.

Automotive they are already competing with multiple deals with Tesla.

They can now compete stronger on the ML front with their integration with Xilinx.

You name your niche, AMD can build it for you.

The accelerators are a future bet to eventual physical limitations with Moore's law.