Movement Alert｜Monolithic Power Rises 3.1% Overnight, Trading at $1378.7

Market Focus

4 hours ago

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.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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