Why These 3 Automotive & Industrial Chip Stocks Just Soared

Hand placing a microchip on top of rising green bar chart, symbolizing growth in semiconductor stocks. Key Points Microchip Technology's raised guidance signaled a potential turnaround in the automotive and industrial semiconductor market. ON Semiconductor and Allegro Microsystems also saw strong gains, driven by low customer inventory levels and early recovery signs. All three companies are positioned to benefit from replenishment cycles and longer-term trends like robotics and EV demand. Interested ...