On October 1, Monolithic Power rose 3.1% overnight, trading at $1378.7 USD/share, with turnover of $233,400.

Within the Semiconductors sector where Monolithic Power belongs, the overall sector showed broad-based strength. Among individual stocks, Intel up 2.73%, Advanced Micro Devices up 2.38%, Broadcom up 1.42%, NVIDIA up 1.28%, Micron Technology up 1.12%.

Monolithic Power Systems, Inc. is a fabless semiconductor company specializing in DC-to-DC power management ICs and modules serving storage and computing, automotive, enterprise data, consumer, communications, and industrial markets. The company recently reported Q2 revenue of $980.6 million, up 47.6% year over year, with adjusted EPS of $6.50 exceeding analyst estimates. It also announced a long-term manufacturing agreement with GlobalFoundries for its 300mm facility in Singapore and launched high-integration power modules targeting AI accelerator platforms covering 15A to 240A output capability.

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