Monolithic Power Systems, Impinj, Microchip Technology, and Texas Instruments Shares Skyrocket, What You Need To Know
Shares of Monolithic Power Systems, Impinj, Microchip Technology, and Texas Instruments jumped in the afternoon session after industry bellwether Taiwan Semiconductor Manufacturing Co. (TSMC) reported a substantial 58% increase in quarterly profit. TSMC's strong performance, driven by booming demand for artificial intelligence (AI), signals robust demand across the global chip market and lifted sentiment for other semiconductor companies. Monolithic Power Systems, in particular, saw its shares increase by 3.2% and has already gained 49.8% since the beginning of the year, setting a new 52-week high.
https://stockstory.org/us/stocks/nasdaq/mpwr/news/why-up-down/monolithic-power-systems-impinj-microchip-technology-and-texas-instruments-shares-skyrocket-what-you-need-to-know