Updated
Updated · MarketWatch · May 7Monolithic Power Systems stock sheds 4.62% in grim trading session
9 articles · Updated · MarketWatch · May 7
- Shares closed at $1,575.96 as the S&P 500 fell 0.38% to 7,337.11 and the Dow dropped 0.63% to 49,596.97 on Thursday.
- The decline ended a two-day winning streak and left the stock 5.18% below its 52-week high of $1,662 reached on 6 May.
- Monolithic Power Systems lagged Texas Instruments, Analog Devices and NXP Semiconductors, while trading volume of 598,903 topped its 50-day average of 589,015.
As executives sell millions in shares, are they signaling the AI-driven stock surge has finally peaked? With global shortages crippling production, is the AI revolution more fragile than investors believe?