🔴 Monolithic Power Systems is trading 4.59% down in pre-market as Lam Research outlook pressures chipmakers

Monolithic Power Systems is trading at $1,224.43, down -4.59%, amid semiconductor weakness following Lam Research’s sharp decline on its outlook.

• Lam Research cited supply constraints and lower expected China revenue; semiconductor stocks came under pressure.
• Broader risk-off sentiment and concerns about AI-related spending also weighed on technology shares.
• No fresh company-specific announcement explaining the decline was found. The prior-day analyst upgrade and $1,686 target do not explain today’s drop.