Why Microchip Technology (MCHP) Shares Are Trading Lower Today

StockStory12-04 04:23

Why Microchip Technology (MCHP) Shares Are Trading Lower Today What Happened? Shares of analog chipmaker Microchip Technology (NASDAQ:MCHP) fell 10.3% in the morning session after the company ...

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Also, the company is closing its Tempe wafer fabrication facility due to elevated inventory levels and ample capacity.The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Microchip Technology?Microchip Technology’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. Moves this big are rare for Microchip Technology and indicate this news significantly impacted the market’s perception of the business.Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-t","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4529":"IDC概念","BK4585":"ETF&股票定投概念","LU0342679015.USD":"ALLIANZ GLOBAL EQUITY UNCONSTRAINED \"AT\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","BK4588":"碎股","BK4512":"苹果概念","LU1983260115.SGD":"Janus Henderson Horizon Global Sustainable Equity A2 SGD-H","BK4141":"半导体产品","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU1720051108.HKD":"ALLIANZ GLOBAL ARTIFICIAL INTELLIGENCE \"AT\" (HKD) ACC","MCHP":"微芯科技","LU1548497426.USD":"安联环球人工智能AT Acc","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD"},"translate_title":"为什么Microchip Technology(MCHP)股价今天下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCHP":1},"content_text":"Why Microchip Technology (MCHP) Shares Are Trading Lower Today \n \n\nWhat Happened?\nShares of analog chipmaker Microchip Technology (NASDAQ:MCHP) fell 10.3% in the morning session after the company provided updated guidance for the December 2024 quarter, with expectations for revenue to be close to the low end of its previous forecast of $1.025 to $1.095 billion. Also, the company is closing its Tempe wafer fabrication facility due to elevated inventory levels and ample capacity. \nThe stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy Microchip Technology? Access our full analysis report here, it’s free.\nWhat The Market Is Telling Us\nMicrochip Technology’s shares are not very volatile and have only had 6 moves greater than 5% over the last year. Moves this big are rare for Microchip Technology and indicate this news significantly impacted the market’s perception of the business. \nMicrochip Technology is down 23.8% since the beginning of the year, and at $65.96 per share, it is trading 33.7% below its 52-week high of $99.49 from May 2024. Investors who bought $1,000 worth of Microchip Technology’s shares 5 years ago would now be looking at an investment worth $1,436. \nUnless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2488197660"}