The Latest Breaking News from Microchip Technology

As the demand for semiconductors continues to climb, thanks to AI, here are three analyst-approved chip stocks poised to lead the charge.

As Microchip Technology prepares to announce its fiscal second-quarter earnings next month, analysts anticipate a decline in profits, projected in the high double digits.

With Intel suspending its dividend, investors seeking alternative semiconductor stocks with strong growth prospects and reliable income streams may consider Broadcom (AVGO), Qualcomm (QCOM), and Microchip Technology (MCHP), which offer attractive dividend yields and solid market positions.

Microchip Technology has underperformed the broader market over the past year, yet analysts remain moderately bullish on the stock's prospects.

With Microchip Technology gearing up to release its fiscal first-quarter earnings next month, analysts project a high-double-digit profit dip.

Here are three stocks that bring investors the best of both worlds - the high growth of the semiconductor space, along with regular passive income through dividends.

The S&P 500 Index ($SPX ) (SPY ) today is up +0.48%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.50%. Stock indexes today are higher, with the Nasdaq 100 posting a new record high....

Despite Microchip trailing behind the Nasdaq Composite over the past year, Wall Street analysts remain optimistic about the stock’s prospects.

While Nvidia stock has enjoyed a remarkable AI-related surge since 2023, the stock’s pullback has left investors on edge. Here are three other AI stocks with new 'Outperform' ratings from analysts at Evercore.