15 AI News Updates That Investors Are Watching

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9. 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, TD Cowen lowered the price target on the stock to $260 from $270 and kept a Buy rating on the shares. The advisory said investors may be disappointed as seasonal declines delay the GM/OM recovery, but a clean inventory position should bode well when demand improves.

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