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Analog Chips Shine, Stocks Mixed | Business and Finance News
Description
Analog chip stocks soared after solid Q1 earnings, with the sector beating forecasts by 1.5% and projecting a 6% revenue jump next quarter. Microchip led with a 35% revenue surge, yet its stock fell 10%—showing investor expectations can outpace results. Texas Instruments crushed estimates with an 18% revenue gain, driving its stock up 26%. Meanwhile, Universal Display stumbled with a 14% revenue drop, leaving its stock unchanged.
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