Microchip: Cyclical Recovery Got Delayed, But I Still Think It's Near

l 100 Print r Monty Rakusen Investment summary My previous investment thought for Microchip (NASDAQ:MCHP) (published in late May this year) was a buy rating because my view was that the cyclical bottom is near and MCHP should see strong growth inflection soon. I am staying with a buy rating as I still expect a cyclical turnaround soon, most likely in 3Q25. I do not see any structural changes to the long-term demand outlook for microcontrollers, especially with the growing data center and AI demand. As MCHP ...