Monolithic Power Systems Inc is trading 4.7% up at $1,551.22 in pre-market, rebounding after last week’s semiconductor sector selloff tied to Broadcom’s AI outlook.
- The stock is recovering alongside the broader chip sector as high-growth names bounce back from a downturn triggered by cautious AI growth projections.
- Broader market sentiment is improving, with S&P 500 and Nasdaq futures both up more than 0.5% ahead of the opening bell.