Reported 3 days ago
TimesSquare Capital Management's U.S. Focus Growth Strategy added Monolithic Power Systems (MPWR) to its portfolio amid a -16.44% one-month return and concerns over product issues related to Nvidia’s AI platform. Despite these challenges, the firm believes in the company’s potential and sees this as an opportunity to invest, even as MPWR faces competition in the growing AI sector. In Q4 2024, Monolithic Power reported a record revenue of $621.7 million, marking a 37% increase from the previous year.
Source: YAHOO