$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.
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