On August 12, Monolithic Power rose 3.42% in pre-market trading, trading at $1,447.2/share, with turnover of $497,900.

On the news front, GF Securities initiated coverage on Monolithic Power with a Buy rating and a $1,706 price target, highlighting the company's critical position in the AI power delivery market, benefiting from robust GPU and ASIC chip demand, with enterprise data segment sales projected to grow 153% year-over-year. Meanwhile, Wells Fargo raised its price target to $1,800 from $1,700, maintaining an Overweight rating.

The fresh analyst coverage comes on the heels of a blowout Q2 report, in which revenue of $980.6 million significantly exceeded the $903.3 million consensus, while adjusted EPS of $6.50 topped the $5.87 estimate by 10.7%, representing a 54.39% year-over-year increase. Q3 revenue guidance of $1.14 billion to $1.16 billion far surpassed the $986.8 million expectation. The board also authorized an additional $500 million in share repurchases, bringing the total program to $1 billion.

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