MACOM Closes at $228.71 as AI Spending Drives Data Center Growth
Updated
Updated · Yahoo Finance · Jul 30
MACOM Closes at $228.71 as AI Spending Drives Data Center Growth
1 articles · Updated · Yahoo Finance · Jul 30
Summary
$228.71 was MACOM Technology's closing price on July 29, leaving the semiconductor stock down 21.92% over one month but up 83.48% over 52 weeks.
Carillon Eagle Mid Cap Growth Fund said hyperscaler AI spending has fueled very strong growth in MACOM's data-center products, supporting its bullish view on the company.
MACOM also benefits from exposure to industrial, telecom, aerospace, defense and space markets, which the fund said offer longer-term growth runways.
The call came as technology led mid-cap growth in the second quarter with a 36.90% return, while Carillon said data-center investment should keep supporting tech and related sectors despite geopolitical and energy-price risks.