What’s Behind Microchip Technology Stock’s 3x Rally Since Late 2017?

What’s Behind Microchip Technology Stock’s 3x Rally Since Late 2017?

Microchip Technology Inc. (NASDAQ: MCHP) stock price jumped around 3.2x from $22 in 2017 end, to over $70 currently, primarily due to favorable changes in its P/S multiple and revenues.

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