A lot of the people making the decision about what goes into the data center were likely the ones who had to clean up the Opteron ECC debacle - and AMD is still not seen as a stable player - Stock price is grossly inflated with a 160x P/E - should be a $5 stock. So, yeah, a lot to overcome - the main issue is their VM farms are all Intel and AMD is NOT a direct drop in replacement - and a homogeneous hardware platform makes managing a large install much easier since all the blocks are the same.
For my use case in a laptop - there is ZERO value in anything over 4 cores - I do not maintain a DTR or a gaming laptop - replaced my almost 2 year old Dell 13 2-in-1 with the Ice Lake Dell 13 2-in-1 back in October - and it's noticeably faster and more responsive - and does everything I need it to do - but they might get 300 hours of use per year - my wife's a bit more.
I own 3 businesses and employ well over 1000 people - I take the lead on hardware, and there won't be a point when AMD will be deployed here - when we do upgrade our Xeon Scalable 1st gen it will be with Ice Lake, all flash array will have 1st gen Optane U.2 replaced with 2nd gen U.2... and can seamlessly move VMs over with zero issues. 3 generation of Intel NUCs will be replaced with NUC11s (Tiger Lake). The 20 or so MS Surfaces installed will be replaced with Tiger Lake Surface.
The sun in setting on AMD - like it did when Core dropped - zero sunshine for more than a decade. Turns out world doesn't care about lithography or manufacturing methods... AMD will have some wins - but Ryzen and Epyc has not performed to the expectations Lisa Su had... I know the kiddies LOVE AMD and it can do no wrong -but revenues drive R&D, . Intel 10nm and 10nm+ are firing on all cylinders - a flurry of products will be dropping this year - Servers, Laptops, Desktop (Rocket Lake S (on 14nm) and NUCs - as well as next gen Optane DIMMs and SSDs, GPUs,etc.
Congrats on paying more than you need to. I'm glad your small business is that profitable that you can throw more money at a system then you need to. But your statement is blatantly false and misleading. There's no such thing for a drop in replacement for intel processors either unless you replace the entire board unless you use the same series chip. The newest intel sever chips also generate a tremendous amount of waste heat. That's wasted power going in, and wasted power in your Air Handling bill. And the later is a lot more expensive than you realize.
As to laptops, when you start doing serious stuff, developers and engineers always benefit from more cores. My compile times have dropped from 1:10 (hours:minutes) to 30 minutes as I have gone from early Sandy Bridge i7 4 cores->6 with higher clocks. But it's not a panacea as this laptop constantly throttles due to heat and eats through the battery. The thunderbolt is also unstable as hell. I breath on it wrong and I have to reboot the entire system.
In terms of data centers however and major servers (I'm talking google, AWS, and Azure) they all use a mix and they are looking at the lowest TCO which AMD provides. (Not just AMD. I see a mix of solutions. But AMD is gaining traction slowly there. These systems are on a 7-12 year cycle. So if you replace at most 15% of your servers a year, then you are doing pretty good if you as an OEM capture a significant percentage of that market. )
AMD's P:E ratio is based on the fact long term growth prospects are looking excellent. It's like looking at the P:E of Amazon or even Apple. It's absurd, but people believe in it's growth potential. The longer Intel takes to get their @#$@ together on smaller nodes and IPC improvements, the better AMD looks long run.
I'm not Anti Intel. I'm anti-monopoly and Intel has gotten too complacent for their own good. Competition is a good thing. This is why you now have cheaper (although non-competitive HEDT Intel chips now. You can thank AMD for that.)