Monolithic Power Systems Inc is trading at $1,541.49 (+4.08%) as semiconductor stocks rebound following a significant sector-wide decline last week.
- The recovery follows a period of pressure on chipmakers triggered by Broadcom’s cautious AI outlook and a strong jobs report that reignited interest rate concerns.
- The stock is also benefiting from a broader risk-on sentiment in the technology sector as investors buy back into growth names after the previous session's weakness.