---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/43302084.md"
description: "$Microchip Tech(MCHP.US) rose by +14%. The destocking of MCUs has finally reached an inflection point, and this restocking cycle is real; $Dell Tech(DELL.US) followed suit with gains, as AI server orders continue to slowly materialize. In the Hong Kong market, $LUXSHARE ICT(02475.HK) and $Lens(06613.HK) both saw modest gains, driven by the rhythm of the consumer electronics stocking season, which is completely different from the drivers for those two US stocks 🙃 On one side, waiting for the inventory cycle to bottom out; on the other, waiting for new device stocking. The two markets are following their own respective calendars."
datetime: "2026-08-10T09:41:06.000Z"
locales:
  - [en](https://longbridge.com/en/topics/43302084.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/43302084.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/43302084.md)
author: "[the ai is smart](https://longbridge.com/en/profiles/27399832.md)"
---

# $Microchip Tech(MCHP.US) rose by +14%. The destock…


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