Could these 6 non-AI chip stocks be the next leg of the AI boom?

Analog chips have largely missed out on a broader semiconductor rally over the last two years — but that may be about to change.

Market Watch • Feb 21, 2026

Microchip Technology Incorporated (MCHP) Presents at Wolfe Research Auto, Auto Tech and Semiconductor Conference 2026 Transcript

Microchip Technology Incorporated (MCHP) Presents at Wolfe Research Auto, Auto Tech and Semiconductor Conference 2026 Transcript

Seeking Alpha • Feb 11, 2026

Production-Ready, Full-Stack Edge AI Solutions Turn Microchip's MCUs and MPUs Into Catalysts for Intelligent Real-Time Decision-Making

Company simplifies and accelerates edge AI system development with silicon, software, tools, production-ready applications and support from a growing partner ecosystem Company simplifies and accelerates edge AI system development with silicon, software, tools, production-ready applications and support from a growing partner ecosystem

GlobeNewsWire • Feb 10, 2026

Microchip Technology: Valuation Is Too Steep For My Liking

Microchip Technology is showing signs of recovery with broad-based revenue growth and gross margin exceeding 60% for the first time since Q4 2024. MCHP's inventory days remain elevated at 201, limiting operating leverage and raising the risk of further inventory-related charges despite improving demand signals. Valuation is stretched at 30x one-year forward PE, already pricing in a full recovery, which caps upside and compresses risk/reward.

Seeking Alpha • Feb 10, 2026

Microchip Technology Announces Proposed Private Offering of $600 Million of Convertible Senior Notes

CHANDLER, Ariz., Feb. 09, 2026 (GLOBE NEWSWIRE) -- (NASDAQ: MCHP) Microchip Technology Incorporated (“Microchip”), a leading provider of smart, connected, and secure embedded control solutions, today announced its intention to offer, subject to market conditions and other factors, $600 million aggregate principal amount of Convertible Senior Notes due 2030 (the “notes”) in a private offering (the “offering”) only to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Microchip also expects to grant the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date Microchip first issues the notes, up to an additional $90 million aggregate principal amount of the notes. The notes will be senior, unsecured obligations of Microchip, and interest will be payable semi-annually in arrears. Upon conversion, Microchip will pay cash up to the aggregate principal amount of the notes to be converted and pay or deliver, as the case may be, cash, shares of Microchip's common stock (“common stock”) or a combination of cash and shares of common stock, at Microchip's election, in respect of the remainder, if any, of its conversion obligation in excess of the aggregate principal amount of the notes being converted. The interest rate, conversion rate and other terms of the notes are to be determined upon pricing of the offering.

GlobeNewsWire • Feb 9, 2026

Microchip Technology to Present at the Wolfe Research Auto, Auto Tech and Semiconductor Conference

CHANDLER, Ariz., Feb. 09, 2026 (GLOBE NEWSWIRE) -- (NASDAQ:MCHP) – Microchip Technology Incorporated, a leading provider of smart, connected, and secure embedded control solutions, today announced that the Company will present at the Wolfe Research Auto, Auto Tech, and Semiconductor Conference on Wednesday, February 11, 2026 at 10:20 a.m. (Eastern Time). Presenting for the Company will be Mr. Sajid Daudi, Head of Investor Relations. A live webcast of the presentation will be made available by Wolfe, and can be accessed on the Microchip website at www.microchip.com.

GlobeNewsWire • Feb 9, 2026

International Markets and Microchip Tech (MCHP): A Deep Dive for Investors

Explore how Microchip Tech's (MCHP) revenue from international markets is changing and the resulting impact on Wall Street's predictions and the stock's prospects.

Zacks Investment Research • Feb 9, 2026

Tech stocks have been shaky, but these 20 companies could still see rocketing sales growth

Sandisk and Micron could see industry-leading revenue growth in the coming years.

Market Watch • Feb 7, 2026

Microchip Technology Says the Slump Is Ending—The Stock Is Starting to Agree

Microchip Technology's NASDAQ: MCHP Q3 fiscal year 2026 (FY2026) earnings report was no blowout, but everything about it is bullish. In the words of the CEO, Steve Sanghi, the company is amid a broad-based recovery in end semiconductor markets, compounded by improving operational excellence.

MarketBeat • Feb 6, 2026

Microchip Q3 Earnings Beat Estimates, Sales Rise Y/Y, Shares Drop

MCHP beats Q3 earnings estimates and raises its Q4 outlook, but shares dip despite double-digit sales.

Zacks Investment Research • Feb 6, 2026