MPWR is trading 4.6% down at $1,284.75 in pre-market, giving back part of its recent rally as the semiconductor and AI sectors face renewed selling pressure.
- The move follows overnight weakness in Asian chip stocks and softer U.S. tech futures, weighing on richly valued names across the industry.
- No fresh company-specific headlines have been reported, suggesting the decline is driven by profit-taking and an extension of last week's volatility.