Oct 30 (Reuters) - Monolithic Power Systems ( MPWR )

forecast fourth-quarter revenue above estimates on Thursday,

expecting strong demand for its power control products and

semiconductors as the artificial intelligence boom drives data

center expansion.

The growing adoption of generative AI has helped drive

demand for the hardware required to help run advanced data

centers, helping providers such as Monolithic, which counts AI

chip heavyweight Nvidia ( NVDA ) among its customers.

Monolithic has adapted its business to "the fluid

geopolitical and macro-economic environment," the company said

in a statement.

The company expects sales between $730 million and $750

million for the fourth quarter, compared with the analysts'

average estimate of $725.3 million, according to data compiled

by LSEG.

During the third quarter, the company's sales in the

enterprise data market segment grew 33% to $191.5 million

sequentially, driven by higher sales of its power management

solutions for AI applications, Monolithic said.

Revenue for the third quarter stood at $737.2 million,

compared with the consensus estimate of $722.3 million.

Adjusted per-share profit stood at $4.73 in the third

quarter, beating estimates of $4.64.