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Shares of Magnachip Semiconductor Corp. (MX) are on track to hit a 29-month high on Friday amid a broader rally in chip stocks.
Also driving up the investor interest in Magnachip is the company’s upcoming showcase of its MOSFET portfolio for AI servers and data center power systems in Germany next month.
Magnachip shares were up more than 13% in Friday’s pre-market trade. MX was among the top trending tickers on Stocktwits at the time of writing.

Magnachip stated that it will showcase Medium-Voltage (MV) MOSFET solutions designed for server and data center power supply units (PSUs), high-performance computing (HPC) applications, and industrial power systems. The showcase will take place at PCIM Europe 2026, which will be held from June 9 to 11, 2026, in Nuremberg, Germany.
The company added that its MOSFET solutions are designed to support high-efficiency and high-density power architectures for AI servers and data centers.
Beyond its MV MOSFET lineup, Magnachip plans to spotlight a range of power semiconductors designed for power conversion and energy management in electric vehicles, solar installations, battery storage systems, and industrial equipment.
“As power demand in AI servers and data centers continues to increase, customers are seeking semiconductor solutions that can support higher power efficiency and power density,” said Magnachip’s Chief Technology Officer, Hyuk Woo.
Woo added that the company plans to expand its portfolio of power semiconductor solutions used for a range of AI and industrial applications.
This comes after Magnachip announced its eighth-generation MOSFET solutions for high-performance smartphone battery protection circuits.
Retail sentiment on Stocktwits around Magnachip improved on Friday, entering the ‘extremely bullish’ territory from ‘bullish’ a day ago. Likewise, retail chatter also soared, trending at ‘extremely high’ levels, from ‘high’ a day ago.
One user believes that Magnachip is an undervalued company and an unknown winner.
MX stock is up 166% year-to-date and 87% over the past 12 months. The iShares Semiconductor ETF (SOXX) is up 173% during this period, while the EA Bridgeway Omni Small-Cap Value ETF (BSVO) is up 43%.
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