AI-chip maker Analog Devices soared nearly 11% to an all-time high close Wednesday on its earnings results. On Thursday, the Relative Strength (RS) Rating, for Analog Devices stock jumped 11 points, from 77 to 88, passing a major milestone along the way. The upgraded 88 RS Rating means that Analog Devices stock bested 88% of all stocks for price performance over the past year.
The company’s new AI chip looks like a runaway hit. Why the shares might resume their long-term rise.
Chipmaker Analog Devices beat Wall Street's targets for its fiscal Q2 and guided higher than views for the current period.