A Semiconductor Downturn Comes for Another Industry Giant. Time to Load Up on This Chip Stock?
In the current artificial intelligence-driven semiconductor frenzy, one industry giant -- Analog Devices (NASDAQ: ADI) -- gets little fanfare. That deserves to change, because this has been a top-notch chip business and a market-beating dividend payer for many years.
But why review Analog Devices now? It's become clear that a semiconductor industry downcycle has hit this leader, setting up what could be a great buying opportunity for long-term investors. Here's what's going on right now.
As its name implies, Analog Devices is a large specialist in analog chips (or simply sensors), which interact with a physical-world signal like electricity, sound waves, or light. It's also a leader in signal processing that converts an analog signal to a digital one -- "digital" in this sense meaning the data that a computing system can utilize.
Source Fool.com
