Monolithic Power Systems Inc

Wolfspeed shares plunged 14.3% to $63.00 as the AI power-chip rally lost steam, despite the company reporting $1.2 billion in liquidity and a net loss of $119.9 million.

Navitas Semiconductor raised $122 million through an ATM offering, leveraging AI power-chip hype. Q1 revenue fell to $8.6 million, while shares dropped 6.4%.

Monolithic Power Systems shares declined nearly 2% Monday, giving back some gains following last week's strong quarterly results and increased dividend. The company also announced CFO Bernie Blegen will retire after the 2025 annual report.

Monolithic Power Systems stock surged 6.4% to a new 52-week peak after forecasting Q1 revenue up to $790M and raising its quarterly dividend to $2.00.

NXP Semiconductors amended a $3 billion revolving credit line with Barclays, maturing in 2031, while the broader chip sector surged on AI investment signals from major tech firms.