Analog Devices (ADI) Stock Looks Fully Valued As It Buys Into AI

Analog Devices has ridden a strong run in recent years, and at a last close of US$409.29 the stock now invites a closer look at whether that price is properly anchored to its earnings power. With sentiment also tied to the broader semiconductor story, the question is how much of that optimism is already embedded in the multiple investors are paying today. Over the past 3 years the share price has gained 138.5%, which puts a lot of accumulated optimism on the line if current earnings do not...