Advanced Micro Devices (AMD) shares are in focus after the chipmaker announced it would be laying off 4% of its global workforce, equivalent to 1,000 workers.

Market Domination's Julie Hyman and Josh Lipton break down what the news means for the company as it works to compete in the AI chip market dominated by Nvidia (NVDA).

To watch more expert insights and analysis on the latest market action, check out more Market Domination here.

This post was written by Naomi Buchanan.