🔴 Microchip Technology is trading 10% down today as investors reassess AI-infrastructure spending

Microchip Technology is trading at $67.79, down -10.02%, as investors reassess AI-infrastructure spending amid a semiconductor selloff.

• Reuters described a broad technology rout; the semiconductor index fell as much as 11% during the session.
• Qualcomm’s weak smartphone-chip outlook added pressure, but no clear company-specific catalyst for Microchip Technology’s decline was identified.
• Its Q2FY27 results call is scheduled for 5:00 p.m. EST, after the market-close earnings event.