Monolithic Power Systems Stock Surges on Renewed AI Optimism

Shares of Monolithic Power Systems (MPWR) recorded solid gains on Monday, climbing 1.88 percent to close at $976.31. The advance was fueled by a combination of fresh analyst endorsements and reports revealing substantial stock accumulation by institutional investors during the second quarter.

The optimistic sentiment is firmly grounded in the company’s strong quarterly results, released on October 30th. Monolithic Power Systems reported earnings per share (EPS) of $4.73, surpassing the projected $4.62. The company also demonstrated impressive revenue growth, with sales increasing by 18.9 percent to reach $737.18 million.

A notably high net margin of 73.17 percent highlights the firm’s exceptional profitability. Furthermore, the company’s forward-looking guidance for the fourth quarter exceeded market Read more...