When there are well-established trends in the stock market, our TRADING strategies will see many – sometimes dozens – of opportunities to make profits.

The most prominent theme in this BULL market has been the excitement about artificial intelligence.

Not only has it pushed the stock indices higher, but it has also created some massive winners.

Back in early November, we recommended shares in one of these winners off of the back of a “noisy” earnings report.

Today, we are powering up our profits for readers by cashing in on that idea.

Here is the update…

 The company is power circuit manufacturer - Monolithic Power Systems, Inc. (NASDAQ: MPWR).

Not many have heard of this $31 billion market capitalization company, but they are a leading provider of power chips to data centers. The company was founded in 1997 by current CEO Michael Hsing and specializes in high-end solutions.

Their leading technology position has allowed them to be NVDA's primary partner in chip installations in data centers, which has worked out well for MPWR given NVDA's growth.

When we recommended buying the shares, we pointed out they had a terrific track record of beating numbers.

Even when the stock sold off on the “noisy” last report, they still beat almost every number.

We felt they would beat again on their following earnings report, but with the shares down by one-third, we thought they would go higher this time.

That is EXACTLY what is happening on the back of their earnings report last night.

We think the stock likely has more upside – potentially back to the old highs – but our thesis is playing out, and we will take our profits. Plan the Trade. Trade the Plan.