Top 9 Game-Changing Stocks for AI Revolution

3. Monolithic Power Systems Inc. (NASDAQ:MPWR)

Number of Hedge Fund Holders: 33

Monolithic Power Systems Inc. (NASDAQ:MPWR) is a technology company that designs, develops, and sells semiconductor-based power electronics solutions for the storage, computing, and automotive sectors. The company delivered better-than-expected fourth quarter and full-year 2024 revenue on February 7th. It also issued strong Q1 guidance amid strong demand for artificial intelligence.

Monolithic Power Systems Inc. (NASDAQ:MPWR) delivered $621.7 million in revenue against $608.1 million expected. Adjusted profit stood at $4.09 a share against $3.98 a share expected. The better-than-expected results came as Monolith Power systems benefited from the growing adoption of generative AI, increasingly driving demand for the hardware required running advanced data centres. Likewise, the company expects its first-quarter revenue to range between $610 million and $630 million as it bets on strong demand for its power control products as generative AI drives data center expansion.