We recently compiled a list of the 15 AI Stocks That Are Dominating Headlines. In this article, we are going to take a look at where Advanced Micro Devices, Inc. (NASDAQ:AMD) stands against the other AI stocks that are dominating headlines.

Advanced Micro Devices said Wednesday roughly 4% of approximately 26,000 employees worldwide will be laid off. About 1,000 AMD workers will lose their jobs.

With shares down by a whopping 32% from their all-time high of $211 in March, Advanced Micro Devices ( AMD 1.97%) is rapidly falling out of favor despite its direct exposure to the industry through data center hardware sales. Let's dig deeper into the company's pros and cons to decide if it still has millionaire-maker potential over the long term.