Advanced Micro Devices NASDAQ: AMD recently made an important announcement in the firm's efforts to catch up with Nvidia NASDAQ: NVDA in the data center market. The semiconductor company announced that it will acquire the firm ZT Systems in a nearly $5 billion transaction.So how does this purchase affect AMD’s competitiveness in the data center market, and how should this affect investors' views of Nvidia? Before we answer those questions, let's get a broader overview of AMD’s operations and sources of reve ...