Microchip Technology Inc. Stock Rallies 13.9%, Outperforms Peers

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Microchip Technology Inc. surged 13.9% to $84.69 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.6% to 7,757.64 and the Dow Jones Industrial Average rising 0.3% to 54,036.93.

The stock's rise snapped a two-day losing streak.

Microchip Technology Inc. closed 20.0% below its 52-week high of $105.91, which the company achieved on May 8th.

The stock outperformed some of its peers, as Advanced Micro Devices Inc. fell 1.2% to $483.36, Applied Materials Inc. rose 2.2% to $539.14, and Analog Devices Inc. rose 3.34% to $389.93.

Trading volume totaled 18.8 million, compared to the 50-day average of 12.2 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 07, 2026 16:33 ET (20:33 GMT)