lindsay_imagery We published a buy rating on Monolithic Power Systems, Inc. (NASDAQ:MPWR) back in November 2023 with the positive thesis that MPWR's AI-related revenue would be enough to offset muted demand from its other business lines: computing, automotive, consumer, and industrial. Our thesis played out to play out in 3Q23, 4Q23, and 1Q24, with management reporting higher enterprise data-related sales each quarter, up 106% Q/Q in 3Q23, 30% Q/Q in 4Q23, and 16% Q/Q and a whopping 217% Y/Y to $149.7M or ~ ...