On June 2, Monolithic Power Systems rose 3.3% in regular trading, trading at $1,577.83/share, with trading volume of approximately $111 million. The stock had previously declined 3.46% in after-hours trading the prior session but staged a strong rebound during the current regular session, driven by broad semiconductor sector strength.
On the news front, the semiconductor sector rallied sharply, with Marvell Technology surging 25.66%, Broadcom up 4.2%, Micron Technology up 3.27%, and NVIDIA up 2.49%, creating significant sector linkage that lifted the stock. Meanwhile, the power management IC price hike wave continues to gain momentum, with Texas Instruments, NXP, and MPS among major players planning to raise product prices from June through July. MPS issued a price increase notice in March and plans to further expand its repricing scope in July, reinforcing expectations for improved profitability in the second half.
(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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