MaxLinear Jumps to Four-Year High on AI-Fueled Data-Center Demand

Overview

• Shares hit an intraday peak of $71.25 and closed up about 29.8% at $67.52, marking a four-year high.
• First-quarter revenue rose 43% to $137 million as infrastructure sales grew more than 130% to become the largest business.
• Management guided second-quarter revenue to $160–$170 million, a year-over-year increase of 47%–56% that it called a step up.
• CEO Kishore Seendripu said growth comes from production ramps of optical data-center products at multiple hyperscalers using AI platforms.
• Investors piled into chip stocks on strong industry results, reinforcing the rally in MaxLinear shares.