Reported about 7 hours ago
Monolithic Power Systems has raised its Q1 revenue forecast, estimating between $610 million and $630 million, driven by heightened demand for power control products supporting data center expansion due to generative AI. Following the announcement, the company's shares surged over 14%. In Q4, it reported revenue of $621.7 million, surpassing expectations. The company continues to supply Nvidia, maintaining its position in the competitive power management market.
Source: YAHOO