⚡️ Mizuho cuts price targets for auto chip stocks on softer trends By Investing.com

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“We have lowered our Analog DecQ top lines by 2-5% given slower demand and increased inventory,” Mizuho analysts stated, specifically targeting companies like Allegro MicroSystems, Microchip Technology (NASDAQ:MCHP), NXP Semiconductors (NASDAQ:NXPI), ON Semiconductor (NASDAQ:ON), and Texas Instruments (NASDAQ:TXN).

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