MaxLinear Surges 130% on Strong Earnings and Positive Outlook
MaxLinear (MXL) surged 130% week-on-week following strong Q1 earnings and an upbeat Q2 outlook. The company reported a 43% revenue increase to $137 million and a narrowed net loss, driven by strong performance in optical data center products. The stock reached a record high of $63.52 during the session.
Tickers: $MXL
Topics: AI platforms earnings report optical data center revenue growth stock price movement