Step 1: Read the circuit.
Inputs $A$ and $B$ are each passed through a NOT gate, and the two inverted outputs feed a NOR gate.
Step 2: Write the inverted inputs.
After the NOT gates the signals are $\overline{A}$ and $\overline{B}$.
Step 3: Apply the NOR operation.
A NOR gate outputs the complement of the sum of its inputs, so $Y = \overline{\overline{A} + \overline{B}}$.
Step 4: Use De Morgan's law.
The bar over a sum becomes a product of bars: $Y = \overline{\overline{A}}\cdot\overline{\overline{B}}$.
Step 5: Remove the double bars.
Since $\overline{\overline{A}} = A$ and $\overline{\overline{B}} = B$, we get $Y = A\cdot B$.
Step 6: Identify the gate.
The expression $A\cdot B$ is the AND function, so the resultant gate is AND, which is option (2).
\[ \boxed{\text{AND},\ Y = A\cdot B} \]