33 Most Important AI Companies You Should Pay Attention To

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

Number of Hedge Fund Holders: 65 

YTD Return as of August 1: 57%

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. This catalyst has been driving a fresh surge in demand for the instrumentation and test business for the company, particularly in System on a Chip (SoC) and memory test.

Vincent Roche, the CEO of Analog Devices, Inc. (NASDAQ:ADI), said during the second quarter earnings call that data center customers were investing in new vertical power architectures to meet the intensified energy and processing demands of AI compute systems. Per Roche, the solutions offered by his firm in this regard reduced power losses by up to 35% compared to existing architectures. This product is now gaining traction with hyperscalers.

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