NasdaqGS:MCHPSemiconductor
Microchip Technology (MCHP): Reassessing Valuation After Raised Outlook and AI-Driven Data Center Demand
Microchip Technology (MCHP) just nudged its December quarter outlook higher, now aiming for about 1% sequential sales growth and roughly 12% revenue growth year over year, helped by demand tied to AI friendly data center products.
See our latest analysis for Microchip Technology.
The upgraded outlook comes after a run of upbeat catalysts, including new ultra efficient power monitors and upcoming tech conference appearances. Investors have noticed, with a strong 1 month share price return of...