30 Best AI Stocks to Buy According to Billionaires

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

Number of Hedge Fund Holders: 64 

Number of Billionaire Investors: 13

Value of Billionaire Holdings: $828 Million 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. In January, the firm secured $105 million in federal funding under the CHIPS Act to enhance semiconductor research and development. The company plans to invest in projects near Portland, Oregon, and Boston, Massachusetts, focusing on advancing chip technology and manufacturing capabilities. In the first fiscal quarter of 2025, revenue exceeded $2.4 billion, driven by sequential growth in Industrial, Automotive, and Communications, along with double-digit year-over-year growth in Consumer. For the fiscal second quarter, the company expects revenue of $2.50 billion, versus the consensus estimate of $2.46 billion. It anticipates adjusted EPS to be $1.68, compared to estimates of $1.66.

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