On June 4, Monolithic Power Systems fell 4.37% in pre-market trading, trading at $1664.95/share, with trading volume of $3.06 million.
The decline was primarily driven by a broad selloff across the semiconductor sector. Among sector peers, Broadcom dropped 14.97%, Micron Technology fell 7.39%, Marvell Technology declined 7.51%, Advanced Micro Devices lost 4.8%, and NVIDIA slipped 1.11%, reflecting pronounced sector-wide linkage pressure.
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 catalyst, combined with ongoing power management IC price hike expectations — MPS issued a price increase notice in March and plans to further expand price adjustments in July — had driven the stock to approximately $1680 in recent sessions. The current pullback reflects technical selling pressure and profit-taking following the rapid run-up.
(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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