There is a Big Opportunity in Microchip Technology's Sell-Off
MCHPMicrochip Technology(MCHP) MarketBeat·2024-08-06 22:07

Microchip Technology NASDAQ: MCHP stock is selling off for more reasons than one, but its operational quality, market position, and outlook make this a buy-the-dip opportunity. Among the takeaways from the Q1 release are that near-term headwinds, including end-market inventory normalization and macroeconomic headwinds, weigh on the market today. Still, the long-term outlook for semiconductor solutions is robust. Microchip Technology TodayMCHPMicrochip Technology73.860.00 (0.0073.86 0.00 (0.00%) 52-Week Range68.75▼$100.5 ...