Monolithic Power Systems Inc is trading at $1,648.88 (+4.54%) as technology shares join a broad risk-on move, driven by easing geopolitical tensions and lower oil prices. - The Nasdaq Composite is up 2.12% in futures, signaling strong market sentiment across the semiconductor and broader tech sectors. - Citi reiterated a positive outlook for MPWR today, citing "sustained share gains in Enterprise Data and Comms markets", further contributing to the stock's momentum.