Shares of Monolithic Power Systems (NASDAQ:MPWR) surged 9.5% as investors grew more hopeful about avoiding a trade war with China. The stock had previously fallen by 5.1% after threats of new tariffs on Chinese goods. The rebound in semiconductor stocks, including Monolithic Power Systems, was driven by optimism that trade tensions would ease. Despite the volatility, the market sees today’s move as significant but not game-changing for the company. The escalating trade friction involving rare earth metals has raised concerns about supply chain disruptions and increased costs for chipmakers. Monolithic Power Systems is up 65.6% year-to-date, hitting a new 52-week high of $984.15 per share.

Read more at Stockstory.org – CNBC: Monolithic Power Systems (MPWR) Stock Trades Up, Here Is Why