14 AI News That Broke The Internet This Week

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10. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 63 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The firm provides high performance solutions that integrate analog, digital and memory in a reduced form factor. This helps companies in various sectors, including the industrial, where AI is fueling extraordinary demand for high bandwidth memory and high performance compute solutions. On November 27, Bank of America analyst Vivek Arya raised the price target on the stock to $250 from $245 and kept a Buy rating on the shares after Q4 results were slightly better than expected on China auto strength and consumer and the Q1 sales outlook was inline with consensus, down 4% quarter-over-quarter.

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