MPWR - Why Earnings And Risks Are Rising Simultaneously At Monolithic Power Systems

• Growth is spiking at MPS, pushing the stock upwards and driving multiples far in excess of what competitors go for.
• MPS and its stock are outperforming and way above their trend lines, at a time when there are questions about the quality of its growth.
• Trade tensions, semiconductor shortages and COVID-19 supply chain disruptions may have skewed the numbers and real demand could be weaker than assumed.
• The more the stock rises due to increased earnings from growing demand, the greater the risk if it turns out that real demand is less than believed.

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