Monolithic Power Systems Inc

MPWR has repaired into a Stage 2 advance after the mid-May collapse, with price holding above the rising 9- and 21-EMAs within the consolidation range. Medium-term directional bias remains bullish under the advancing stage, and short-term conditions favor continuation participation now. We will engage on shallow pullbacks into the EMAs or on acceptance above intermediate resistance around the 50-day SMA.

• ↑Q1 revenue reached $804M, up 26% YoY and 7% QoQ on AI/data demand.
• ↑Enterprise data growth guidance raised from 50% to 85% on strong order backlog.
• ↓Shares trade at ~59× forward non-GAAP EPS, limiting valuation support.