Top 9 AI News and Ratings Sending Shockwaves

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

Number of Hedge Fund Holders: 63

Analog Devices, Inc. (NASDAQ:ADI) is a semiconductor company that designs and manufactures analogue, digital, and software solutions. As artificial intelligence opens up a whole new world of possibilities, from virtual assistants to self-driving cars, the company has unveiled a new line of AI microcontrollers to address the growing market needs. Similarly, Benchmark analyst David Williams has already touted the stock as one of the most attractive opportunities in the semiconductor space.

Conversely, on February 19, analysts at Morgan Stanley reaffirmed an Overweight rating on the stock and adjusted the price target from $250 to $248. The price hike comes on Analog Devices, Inc. (NASDAQ:ADI) delivering solid first quarter fiscal 2025 results. Earnings per share totaled $1.63, better than $1.54 a share expected. Analog Devices also logged $2.42 billion in revenues, beating estimates of $2.36 billion. A diversified market approach and a focus on expanding product offerings for AI systems, data centres and healthcare are some of the factors expected to drive growth.