This 61-Year-Old Tech Stock Silently Became an AI Superstar
Analog Devices fuels the AI boom without high capital expenditures.
Overview
The artificial intelligence (AI) building boom is far more than just chips. Data centers need to store those chips, and each of those facilities has requirements centering around power, liquid cooling, and other components.
Analog Devices (NASDAQ: ADI) specializes in energy management hardware that connects power to data centers. The company's hardware also safely distributes electricity to multiple servers to avoid overheating.
Details
This positioning has helped the 61-year-old company become a hot AI stock, and recent fundamentals suggest that momentum will continue.
Source
Originally published at www.fool.com.
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