Scalper1 News
Chip stocks plummeted Friday amid indications that the semiconductor industry has entered a downcycle. Microchip Technology (MCHP), which historically has been a canary in the coal mine for the overall industry, late Thursday preannounced worse-than-expected fiscal Q2 revenue. Microchip’s report indicates that “the next semiconductor downcycle has arrived, with distributor inventories piling up to reach a tipping point,” Hedgeye Risk Management Scalper1 News
Scalper1 News