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Evercore ISI raised the Target Price for Microchip Technology to $71.
Evercore ISI: Raised the Target Price of Microchip Technology from $65 to $71, maintaining an "Outperform Large Cap" rating. (Gelonghui)
Trump threatened to abolish the chip law: they took the money but did not spend it, it is better to use it to pay off debt.
Trump stated yesterday that USA lawmakers should abolish the Chips Act, which provides $52.7 billion in subsidies for Semiconductor manufacturing and production, and that this money should be used to pay off debt. Some officials expressed concerns and criticisms regarding Trump's remarks.
Express News | Shares of Chip Stocks Are Trading Higher, Reversing After Earlier Weakness as Investors Assess US Tariffs
Live Stock News: -2.8% GDP, Trade War Sends Market Lower, Tesla Sales Punished
A Quick Look at Today's Ratings for Microchip Technology(MCHP.US), With a Forecast Between $60 to $80
Pre-Market Trading Highlights | Focus on Trump's first congressional speech! Taiwan Semiconductor adds an investment of 100 billion in the U.S.
The three major Equity Index futures in the USA are all down, with Nasdaq futures down 0.59%, S&P 500 Index futures down 0.53%, and Dow futures down 0.35%.
