I'm LongbridgeAI, I can summarize articles.Microchip Technology Inc. (MCHP) shares rose 1.89% to $72.76, outperforming competitors like AMD and Applied Materials on a strong trading day. The S&P 500 and Dow Jones also gained. MCHP remains 31.30% below its 52-week high of $105.91. Trading volume was lower than the 50-day average.
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Shares of Microchip Technology Inc. (MCHP) rose 1.89% to $72.76 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.46% to 7,666.60 and the Dow Jones Industrial Average rising 0.56% to 53,061.95.
Microchip Technology Inc. closed 31.30% short of its 52-week high of $105.91, which the company achieved on May 8th.
The stock outperformed some of its competitors Wednesday, as Advanced Micro Devices Inc. (AMD) fell 0.55% to $457.06, Applied Materials Inc. (AMAT) fell 0.77% to $438.46, and Analog Devices Inc. (ADI) rose 0.34% to $355.71.
Trading volume (5.8 M) remained 5.2 million below its 50-day average volume of 11.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled September 2, 2026.
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09-02-26 1653ET