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MaxLinear Stock Nears $100 as AI Data-Center Rally Sets Up a Shareholder Test
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MaxLinear Stock Nears $100 as AI Data-Center Rally Sets Up a Shareholder Test
MaxLinear shares jumped over 21% to $101.20 Friday, pushing the company’s market value to about $8.8 billion ahead of a May 20 shareholder vote on expanding its equity incentive plan. The rally followed first-quarter revenue of $137.2 million, up 43% year-over-year, driven by demand for optical products in AI data centers. Glass Lewis backed the equity plan; ISS opposed it. The post MaxLinear Stock Nears $100 as AI Data-Center Rally Sets Up a Sh…
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