Roth Starts Analog Devices Coverage With Buy Rating on AI Exposure

Roth began coverage of Analog Devices with a Buy rating, pointing to the chipmaker’s data center exposure and rapid Communications growth as it expands its role in AI infrastructure.

Data centers accounted for about 80% of the Communications business in F3Q26A, when the business grew 84% year over year. Optical and power each more than doubled during the period.