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Microchip Technology CEO Warns of Data Center Market Bubble

The Wall Street Journal +2 · ·by G4L

NBIS Nebius Group NV
$141.45 +9.24%
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CRWV CRWV +5.56%IREN IREN -1.06%BTDR BTDR +9.89%
  1. 1Microchip Technology President Steve Sanghi said that data centers are in a bubble state.
  2. 2Microchip Technology shares fell 13.9% during intraday trading.
  3. 3Data centers account for 16.7% of Microchip Technology's total revenue.

So what's the key point?

The president of Microchip Technology warned that the data center market is a bubble. The stock price dropped significantly because this sector makes up 16.7% of the company's revenue.

Source The Wall Street Journal +2 · View original ↗

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