1 Top Data Center Power-Chip Stock You Need to Know About Right Now
Share prices of power chip designer Monolithic Power Systems (NASDAQ: MPWR) are up by well over 30% so far in 2024. Given that semiconductor stocks are all the rage these days, that doesn't sound all that impressive.
But consider: Monolithic is clobbering the returns of its closest competitors -- Texas Instruments (NASDAQ: TXN), Analog Devices (NASDAQ: ADI), and ON Semiconductor (NASDAQ: ON), to name a few -- by a very wide margin. The outperformance is even more stark when zooming out and viewing Monolithic's rise over the last decade.
Source Fool.com