🟢 Monolithic Power Systems is trading 10% up in pre-market as chip stocks recover from sell-off

Monolithic Power Systems is trading at $1,245.14, up +10.05%, in pre-market amid a broader rebound in chip stocks.

• The move follows a steep decline in the prior session.
• Reuters reported chip shares gained ground Friday after a technology-led sell-off, as investors viewed Thursday’s losses as reactionary amid concerns about AI spending, policy and inflation.
• No new company-specific catalyst surfaced in the search.