Page 6 - Monolithic Power News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Reviewing Rambus (NASDAQ:RMBS) & Monolithic Power Systems (NASDAQ:MPWR)
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Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $799 00 at Truist Financial
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Monolithic Power Systems (NASDAQ:MPWR) PT Raised to $799 00
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Shares of power management chips maker Monolithic Power Systems (NASDAQ:MPWR) jumped 9.3% in the afternoon session after the company reported first quarter results which blew past analysts' EPS expectations. Next quarter's revenue guidance also came in higher than Wall Street's estimates, as the company observed "consistently upward ordering patterns." Notably, demand for AI servers was strong, growing over 200% year on year, and driving roughly a third of revenues. The strong performance in the