Reported about 11 hours ago
Monolithic Power Systems has raised its fourth-quarter revenue forecast, anticipating sales between $730 million and $750 million, exceeding analysts' expectations due to a surge in demand for its power control products and semiconductors amid an AI-driven data center expansion. The company reported a 33% sales increase in its enterprise data segment, largely driven by its power management solutions for AI, and its third-quarter revenue was also above estimates at $737.2 million.
Source: YAHOO