Microchip Stock Surges. Texas Instruments and Other Chip Makers Are Rising, Too.
Microchip Technology's stock surged after the company raised its sales guidance for the current quarter, indicating plans to boost production. This positive movement is also impacting other major chip manufacturers like Texas Instruments and Qualcomm, who are seeing their stocks rise in correlation.
https://www.barrons.com/articles/microchip-stock-chips-sales-guidance-a8250b8b?gaa_at=eafs&gaa_n=AWEtsqfSBNsxebAAiEWe5xUdfS-F1Auu3bxPcwroFPoi9YGaWRDnd1NFAYUh&gaa_ts=695d60bc&gaa_sig=4LMr-rSsC2ajN9BLZ52pVvRnCCYsO1J836SxX6h-l1_7f379tWMLNVs6pjx-bHwILYPW3mSy8x16jSqDzZT2PA%3D%3D