03:08 PM EST, 01/31/2025 (MT Newswires) -- Monolithic Power Systems ( MPWR ) is expected to see accelerated growth in 2025, driven by a recovery in non-AI segments and accelerating growth in its AI-heavy Enterprise Data segment, Oppenheimer said in a note emailed Friday.

The firm expects Enterprise Data growth to gain momentum through 2025, driven by increasing adoption among accelerator customers and expanding x86 CPU server market share.

Meanwhile, all five of Monolithic Power Systems' ( MPWR ) non-AI segments have recently inflected after a prolonged cyclical downturn, it added.

The semiconductor company is expected to retain a 50% market share at Nvidia this year, contributing $200 million to revenue, compared with last year's about 100% share and $400 million in revenue, as newly-qualified Nvidia supplier Infineon has come into the picture, Oppenheimer said.

Investors will be keenly awaiting any announcement regarding the company's remaining share repurchase authorization, the firm said.

Oppenheimer reiterated its outperform rating on the company's stock and expects a bullish update at the company's March 20 analyst day. However, the firm lowered its price target to $800 from $900, citing broader market multiple compression.

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