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AI News from ET - Chipmaker Analog Devices forecasts third-quarter revenue above estimates amid AI boom

Vishwadeep Khatri
in AI News & Two Lenses

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Chipmaker Analog Devices anticipates strong third-quarter revenue, exceeding market expectations. This surge is driven by increased demand for its power-management semiconductors and sensor components. The AI boom is fueling growth in data centers and automotive systems. The company also announced a significant acquisition to bolster its AI-focused portfolio. This positive outlook reflects robust performance and future potential.

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