15 AI News Updates Wall Street Is Monitoring

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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 recently posted earnings for the fourth fiscal quarter, beating analyst expectations on earnings per share and revenue. Looking ahead, Analog Devices forecast first quarter fiscal 2025 revenue at a mid-point of $2.35 billion, plus or minus $100 million. The firm showed stronger-than-expected results in the auto, consumer and comms segment, but industrial demand continued to lag for semiconductor companies.

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