Analog Devices: 800-Volt Data Centers and Humanoids Open Up New Billion-Dollar Markets - Model Portfolio Watchlist!

At Analog Devices (ADI) , the AI data center story is increasingly becoming a key growth driver. On Monday, Baird made headlines: Analyst Tristan Gerra raised the price target from $450 to $675 and reaffirmed an "Outperform” rating. The Current Story is in Power Supply Particularly exciting is the Communications segment. Revenue here grew by 84% to $655 million. Data centers now account for about 80% of this business, while both optics and power revenues within the data center space increased by more than 100%. ADI benefits from the rising...