On June 23, Monolithic Power Systems fell 3.04% in pre-market trading, trading at $1,479.375/share, with turnover of $323,700.
On the news front, the semiconductor sector experienced broad-based weakness, with Micron Technology down 9.11%, Marvell Technology down 8.72%, Intel down 8.51%, Advanced Micro Devices down 6.51%, and NVIDIA down 3.23%. The pronounced sector-wide selloff created significant drag on the stock through linkage effects.
The stock had previously rallied sharply after NVIDIA announced its next-generation 800V power architecture partner list, with MPS named among the officially endorsed suppliers. This designation positioned the company as a core beneficiary of the AI data center power conversion chain upgrade. Additionally, an ongoing power management IC price hike cycle — with the company planning to further expand repricing scope in July — had bolstered earnings improvement expectations for the second half. However, following the rapid run-up, the stock has undergone multiple rounds of profit-taking in recent sessions, and the renewed sector-wide weakness combined with technical selling pressure continues to extend the pullback.
(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.)
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