Microchip vs. Data Center Stocks

This is a Jefferies news story, published by Yahoo Finance (Canada), that relates primarily to Microchip Technology Incorporated news.

Jefferies news

For more Jefferies news, you can click here:

more Jefferies news

energy & natural resources news

For more energy & natural resources news, you can click here:

more energy & natural resources news

Yahoo Finance (Canada) news

For more news from Yahoo Finance (Canada), you can click here:

more news from Yahoo Finance (Canada)

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best business news, entertainment news, world news, and much more. If you like energy & natural resources news, you might also like this article about

AI data centers

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest Best Data Center Stocks news, top data center stocks news, energy & natural resources news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

other data center stocks

Insider Trading & Hedge Fund Data, and Investment Newsletter From Insider Monkey

•

Microchip Technology Incorporated (MCHP): Why Are Street Analysts Bullish on This Data Center Stock Now?

Summary

Nutrition label

85% Informative

Microchip Technology Incorporated ( NASDAQ : MCHP ) is one of the 15 Best Data Center Stocks to Buy according to Jefferies , Citi and Wall Street Analysts.

By 2030 , AI is expected to grow data center power demand by as much as 160% .

Northern Virginia data centers are expected to require 11,000 megawatts of electricity annually by 2035 .

Microchip Technology Incorporated ( NASDAQ : MCHP ) sells microcontrollers, signal processors, and other associated products that are used in computing systems such as data centers.

Company's shares are down 11% year to date , despite its exposure to the AI industry.

Overall MCHP ranks 10th on our list of the best data center stocks to buy.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive