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The Chip Shortage Is Back, and Microchip Says AI Customers Are Crowding Everyone Out
Source: 247wallst.com
Artificial IntelligenceCompany FundamentalsCorporate Guidance & Outlook
Microchip beat its own forecast, but its stock fell sharply, according to the article. The CEO said AI buyers had swept through supplier factories and displaced other customers, and that addressing the disruption could take six months; no magnitude for the stock decline was provided.
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