MXL is trading at $113.91 (5% up), extending a powerful multi-day breakout that has seen the stock climb sharply since mid-June on AI and data-center optimism.
- The move appears to be follow-through buying after strong Q1 2026 results tied to surging AI data-center demand.
- Bullish analyst coverage and a subsequent rerating of the stock continue to drive momentum despite a lack of fresh company-specific headlines today.