On July 30, Monolithic Power rose 3.05% in pre-market trading, trading at approximately $1,286.99 per share, with turnover of $245,100.

On the news front, the semiconductor sector staged a broad rebound providing direct support, with Advanced Micro Devices up 3.38%, Intel up 2.34%, Micron Technology up 1.76%, NVIDIA up 1.51%, and SK hynix up 1.33%, easing pressure from consecutive days of sector-wide pullbacks earlier in the week. Meanwhile, the company is scheduled to report Q2 earnings after market close today, with consensus revenue expectations of approximately $902 million, representing year-over-year growth of 38.62%. Oppenheimer reiterated its outperform rating and $1,700 price target, citing AI-driven enterprise data and communications segments expected to nearly double this year, with topline projected to reach a $4 billion run rate by year-end. The average institutional price target stands at $1,795.45, with consensus views remaining predominantly bullish.

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