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Why Analog Devices Stock Cranked More than 2% Higher Today
A positive note from an analyst on Analog Devices' (NASDAQ: ADI) niche in the chip sector sent the company's stock skyward on Tuesday. With that wind under its feet, Analog Devices floated to a more than 2% gain that trading session, easily topping the 0.6% bump of the S&P 500 (SNPINDEX: ^GSPC). That note was authored by Bernstein's Qingyuan Lin, who addressed rumors in the market that Texas Instruments was planning to hike prices. Image source: Getty Images.Continue reading
A positive note from an analyst on Analog Devices' (NASDAQ: ADI) niche in the chip sector sent the company's stock skyward on Tuesday. With that wind under its feet, Analog Devices floated to a more than 2% gain that trading session, easily topping the 0.6% bump of the S&P 500 (SNPINDEX: ^GSPC).
That note was authored by Bernstein's Qingyuan Lin, who addressed rumors in the market that Texas Instruments was planning to hike prices.
Image source: Getty Images.
