Monolithic Power Systems: Strong Q2, AI Ramp Signals New Growth Cycle

Monolithic Power Systems excels by targeting markets where its technology offers a clear competitive advantage, driving superior returns. Management prioritizes long-term opportunities over short-term revenue volatility or market perception, ensuring sustainable growth. The strong earnings growth and execution demonstrated in Q2 justify MPWR's premium valuation relative to semiconductor peers. I'm reiterating my Buy rating.