On June 10, Monolithic Power Systems fell 3.01% in regular trading, trading at $1480.06/share, with trading volume of $261 million.
On the news front, the semiconductor sector experienced another broad-based selloff, with Broadcom down 5.26%, Marvell Technology down 3.79%, Micron Technology down 3.05%, NVIDIA down 2.92%, and Intel down 1.69%, creating significant sector-wide drag on the stock.
The stock had previously surged to approximately $1680 after NVIDIA announced its next-generation 800V power architecture partner list, with MPS named among the officially endorsed suppliers. Additionally, a power management IC price hike wave continued to build momentum, with the company planning to expand pricing adjustments in July. However, after completing a rebound recovery on June 8-9, renewed sector weakness combined with technical selling pressure has reignited profit-taking, extending the multi-round correction pattern that began in early June.
(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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