On June 4, Monolithic Power Systems declined 3.94% in regular trading, trading at $1605.81/share, with trading volume of $154 million.
On the news front, the semiconductor sector experienced a broad-based selloff, with Broadcom plunging 15.47%, Micron Technology dropping 8.96%, Advanced Micro Devices falling 7.08%, Marvell Technology declining 5.83%, and NVIDIA slipping 1.27%, creating significant sector-wide drag on the stock. MPS had previously rallied sharply to the $1680 level, fueled by NVIDIA's announcement of its next-generation 800V power architecture partner list that officially included MPS, as well as ongoing power management IC price hike expectations. MPS issued a price increase notice in March and plans to further expand the scope of price adjustments in July. However, following the rapid short-term run-up, technical selling pressure has intensified as the broader sector correction compounds prior profit-taking momentum.
(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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