Is Monolithic Power Systems a Screaming Buy After Near 40% Drop?
MPS(MPWR) MarketBeat·2024-11-18 22:48
Monolithic Power Systems NASDAQ: MPWR is a chip stock that isn’t nearly as talked about as some other companies in its industry, like NVIDIA NASDAQ: NVDA or Taiwan Semiconductor Manufacturing NYSE: TSM. But that doesn’t mean the company hasn’t had great success over the years. It has been able to amass a value of nearly $28 billion, a number that looks much smaller after the last few weeks. Since Oct. 29, the company has lost over 39% of its value. However, regardless of what the market says, it’s fair to q ...