Yet, Advanced Micro Devices, Inc. (NASDAQ:AMD)'s limited resources also mean that the firm struggles to compete at scale with its larger rivals. As a result, it is the perpetual underdog in an industry where high volumes often determine brand and pricing power. Advanced Micro Devices, Inc. (NASDAQ:AMD)'s third-quarter results led to the firm's Gaming business seeing a strong 90%+ operating income drop, and soon afterward, the firm announced that it would lay off 4% of its workforce. Sustained revenue from AI customers is key to Advanced Micro Devices, Inc. (NASDAQ:AMD)'s hypothesis.