Old school chipmaker Analog Devices rides AI wave

Nvidia’s earnings aren’t due until after the close, but there’s other AI-related semiconductor excitement to be found.

Shares of Analog Devices — a somewhat staid, Massachusetts chipmaker best known for suppling chips for automotive, industrial, and communications products — jumped by the most since 2020 on Wednesday, after delivering better-than-expected earnings.

Executives hinted that the company could benefit from the demand for data centers that supply the computing power behind AI. The chipmaker makes so-called “vertical power” products, a technology that could help AI data centers manage their insatiable demand for energy. “To tackle the intensified energy and processing demands of AI compute systems, data center customers are investing in new vertical power architectures,” Analog Devices chief executive Vincent Roche said, on a post-earnings conference call.

More Markets

See all Markets

Max Knoblauch4h

Archer Aviation sinks after reporting better-than-expected Q3 loss, announces it will acquire LA’s Hawthorne Airport

Air taxi maker Archer Aviation reported its Q3 results on Thursday, and its shares climbed more than 6% before turning negative.

The company posted a loss per share of $0.20, better than the $0.30 loss analysts polled by FactSet expected.

Archer announced it would acquire Los Angeles’ Hawthorne Airport for $126 million as a strategic hub for its planned LA air taxi network.

Cash is vital for Archer, which is without revenue as it seeks FAA certification. The company ended its third quarter with $1.64 billion in cash (and equivalents), down from last quarter’s $1.72 billion but more than 3x the amount from the same period a year ago.

Archer’s rival Joby Aviation, which reported its third-quarter results on Wednesday, has a cash pile of $978.1 million.

Archer reported adjusted operating expenses of $121.2 million. Looking ahead, Archer said it expects adjusted earnings before interest and taxes to be a loss of between $110 million and $140 million for the fourth quarter. Wall Street expected a $120 million loss.

Earlier this week, Archer shares fell amid the IPO of its electric aircraft rival Beta Technologies. Archer shares are down about 9% this year as of Thursday’s close, far underperforming Joby’s growth of 76%.

Luke Kawa

LIVE BLOG: Opendoor Technologies Q3 earnings call

Opendoor will be taking questions from its retail shareholders.

Matt Phillips

The Trade Desk falls despite decent Q3 results

The ad tech platform has had a brutal 2025.

Matt Phillips

DraftKings tumbles after Q3 sales miss, guidance snip

Shares of DraftKings, and rival Flutter Entertainment, were hammered in Q3 over the potential for prediction markets to eat into the traditional sports betting business.

Max Knoblauch

Take-Two plunges as “Grand Theft Auto 6” gets delayed again, to November 2026

“Grand Theft Auto” maker Take-Two posted its fiscal second-quarter earnings on Thursday.

Two screen display gameplay in Grand Theft Auto

Latest Stories

Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.