Does this picture look like a burnt out LED lighting or is something wrong with the fixture itself?
Thanks for all the helpful comments.

According to the answers provided in the comments, the burnout looks normal (@agentp) and the damaged board of LEDs can simply be replaced. The one LED is probably causing the whole fixture to go out like Christmas lights.

According to other comments, LEDs vary by quality and the most crucial part is the driver/capacitor whose job is to convert the electricity correctly (@Harper and @Machavity). This burnout may be a result of that component.

I'll replace the board and see if it goes again.

As a side note, we had a similar LED fixture in the other room that went dim like this a year ago. I didn't take care of that one because the house was new and the building owner had an electrician take care of it.