15 AI News Making Waves Right Now

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8. Monolithic Power Systems, Inc. (NASDAQ:MPWR)

Market Capitalization: $28.67 billion

Monolithic Power Systems, Inc. (NASDAQ:MPWR) is a global semiconductor company and a top Goldman Sachs AI stock. The company provides power control modules and similar power solutions that support AI servers and data centers.

On Monday, November 18, Loop upgraded Monolithic Power Systems (NASDAQ:MPWR) to “Buy” from Hold with a $660 price target. The rating follows a 10% selloff since the firm initiated coverage of the stock on November 11 and a 40% decline from the stock’s 52-week high. The share pressure stems from investor concern that Monolithic may not be able to keep its full market share for PMICs with Nvidia’s AI GPU systems and fluctuations in Nvidia’s orders. Analysts are confident in the FY25 revenue consensus of $2.6B and believe Nvidia’s Enterprise Data segment will support the expected 20% growth in revenue.

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