🔴 Analog Devices is trading 4.8% down today as Lam Research outlook revives AI spending concerns

Analog Devices is trading down 4.78% at $386.56 on October 22, in line with a semiconductor retreat linked in reporting to renewed concerns about AI spending and returns.

• Lam Research’s outlook revived those concerns; no clear company-specific catalyst was identified for Analog Devices.
• Broader risk-off sentiment is weighing on technology shares amid rising oil prices and geopolitical tensions. SOXX is down 4.20%, while the Nasdaq is down 2.21%.