On June 5, Monolithic Power Systems fell 3.12% in pre-market trading, trading at 1609.8 USD/share, with trading volume of $677,200.
On the news front, the semiconductor sector continued to weaken broadly, with Micron Technology down 3.98%, Marvell Technology down 3.93%, Advanced Micro Devices down 3.21%, Broadcom down 2.03%, and NVIDIA down 1.5%, creating significant sector-wide drag on the stock. MPS had previously rallied sharply to approximately $1,680 after NVIDIA announced its next-generation 800V power architecture partner list with MPS among the officially endorsed suppliers, combined with ongoing power management IC price hike expectations. However, the stock already declined 3.94% on June 4 amid a broader semiconductor selloff led by Broadcom, and current pre-market weakness reflects continued technical selling pressure following the rapid prior run-up.
MPS issued a price increase notice in March and plans to further expand the scope of price adjustments in July, supporting longer-term earnings improvement expectations, but near-term profit-taking continues to weigh on shares.
(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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