Microchip Technology (MCHP) Could be the Under-the-Radar AI Play About to Pop
To be fair, Microchip isn’t as exciting as primary chip designers like Nvidia (NASDAQ: NVDA) or Advanced Micro Devices (NASDAQ: AMD ). However, it’s more than fair to say that Microchip plays an important support role in the broader machine intelligence ecosystem.
While Microchip has aggravated investors, the possibility of upside in MCHP stock just ahead of earnings tempts speculators.
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Despite a decline in net sales, Microchip Technology Inc (MCHP) focuses on innovation and efficiency to drive future growth.
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Microchip Technology (NASDAQ:MCHP) Misses Q4 Analysts’ Revenue EstimatesAnalog chipmaker Microchip Technology (NASDAQ:MCHP) in Q4 CY2024, with sales falling 41.9% year on year to $1.03 billion.
Pre-earnings options volume in Microchip (MCHP) is 3.6x normal with puts leading calls 5:4. Implied volatility suggests the market is ...
MCHP's third-quarter fiscal 2025 results suffer from a significant revenue drop, sluggish guidance and demand challenges across key markets.
Piper Sandler adjusted its outlook on Microchip Technology (NASDAQ:MCHP) shares, reducing the price target to $65 from the previous $85 while maintaining an Overweight rating on the stock. The firm's ...
Truist lowered the firm’s price target on Microchip (MCHP) to $56 from $68 and keeps a Hold rating on the shares. The company missed estimates ...
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