35 Trending AI Stocks on Latest Analyst Ratings and News

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

Number of Hedge Fund Holders: 64 

Analog Devices, Inc. (NASDAQ:ADI) designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products. The company has caught the attention of Wall Street analysts amid the ongoing AI boom. Following a recent selloff in the semiconductor sector, concerns have emerged regarding the return on investment (ROI) for AI capital expenditures. However, investment advisory firm Citi has sought to alleviate these worries by reaffirming a Buy rating on the stock. Citi forecasts that semiconductor companies will achieve a 14% year-on-year growth in sales, despite recent challenges and a period of inventory replenishment.

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