Monolithic Power confirms no performance issues, still in Nvidia’s next-gen systems
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Contributor since / Followers
Contributor since / Followers
1 month ago
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- Monolithic Power Systems (NASDAQ:MPWR) said on Tuesday it has no performance issues with its products and that it is still in Nvidia’s (NASDAQ:NVDA) next-generation systems.
- “In calls with analysts on November 11, 2024, representatives of Monolithic Power Systems … confirmed the Company has no performance issues and remains in NVIDIA Corporation’s bill of materials for its next generation systems,” the company said in an 8-K filing. It added that its guidance for the fourth-quarter remains unchanged.
- On Monday, Edgewater Research issued a report that said it may have lost share in Nvidia’s (NVDA) Blackwell line of GPUs to Renesas and Infineon. Several Wall Street firms defended the stock in response to the report.
- Monolithic Power Systems rose 2.8% in early morning trading.