#analog-semiconductors
Analog Devices (ADI): the AI premium on an analog cycle
ADI deep-dive: bear, base, and bull across 6 months, 1 year, 3 years, and 5 years. Buy read near $377 as data-center power growth meets a stretched multiple and elevated inventory.
Texas Instruments (TXN): the analog toll-taker, 6 months to 5 years
TXN deep-dive: bear/base/bull across 6 months, 1 year, 3 years, and 5 years. Hold near $295, the FCF inflection versus a premium multiple and a China question.