This Chip Stock Could Win Big From 5G
Analog Devices (NASDAQ: ADI) came into 2019 sitting on multiple catalysts spread across several verticals such as automotive, industrial, and communications. But the U.S.-China trade war put the brakes on the company's impressive run.
The addition of Huawei to the U.S. government's Entity List meant that Analog lost the ability to sell its products and technology to the Chinese tech giant, which led it to cut its fiscal 2019 third-quarter guidance. Analog now forecasts its top line will fall nearly by 8% year over year during the current quarter, while its earnings are expected to shrink to $1.22 per share from $1.53 per share a year ago.
But this short-term problem shouldn't blind investors to the 5G opportunities ahead for Analog.
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