10 Stocks Stand Strong Amid Cautious Market Environment

6. Microchip Technology Incorporated (NASDAQ:MCHP)

Microchip Technology Incorporated (NASDAQ:MCHP) extended its winning streak for a seventh consecutive day, adding 9.9 percent on Wednesday to close at $63.59, as investor sentiment was fueled by the company’s introduction of the MPLAB AI Coding Assistant, an advanced AI-powered software development tool designed to assist software developers and embedded engineers in writing and debugging code.

According to the company, MPLAB AI Coding Assistant is a Microsoft Visual Studio Code (VS Code) extension free for use based on Continue—the market’s leading open-source AI code assistant—and comes preconfigured with MCHP’s AI chatbot for real-time support.

“The MPLAB AI Coding Assistant represents a significant leap forward in software development and will transform how engineers work with Microchip products,” said MCHP Vice President for Development Systems and Academic Programs Rodger Richey. “We are harnessing the power of AI to provide interactive, real-time support that helps developers create better software, more quickly and with less hassle.”