Monolithic Power Systems is trading 7.9% up at $1420.00 following a standout Q2 earnings beat and robust Q3 guidance tied to surging AI infrastructure demand.
- Revenue jumped nearly 48% year-over-year, powered by triple-digit growth in the Enterprise Data segment.
- Management issued Q3 sales guidance far above Wall Street estimates, signaling sustained momentum in AI-related chip spending.
- The stock's advance is further supported by a broader semiconductor rally as investors grow more confident in the sector's growth outlook.