Roth Initiates Coverage on Analog Devices with Buy Rating Citing AI Infrastructure Growth
Roth has initiated coverage of Analog Devices (ADI) with a 'Buy' rating, driven by the company's increasing role in artificial intelligence infrastructure. The analyst highlighted significant growth within the communications segment, which is heavily influenced by data center demand. According to Roth, the data center portion accounts for approximately 80% of the Communications segment. This division saw an 84% year-over-year increase in F3Q26A, fueled by more than doubling revenues in both optical and power sub-sectors.
Tickers: $ADI
Topics: AI infrastructure analyst rating data center growth
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