Stock Track | Montage Technology Soars 5.04% Intraday as Google TPU Shipment Target Upgrade Boosts CXL Chip Demand

Stock Track04-16

Montage Technology's stock soared 5.04% during intraday trading on Thursday, reflecting strong investor interest.

The rally was driven by growing market optimism surrounding CXL interconnect chip demand after Google decided to raise its TPU chip shipment targets. Montage Technology's MXC chip based on CXL 3.1 memory expansion controllers has entered sample testing with major clients, positioning the company as a direct beneficiary of the expected large-scale CXL commercialization inflection point.

Additionally, the company's robust financial performance, with net profit growing over 128% year-on-year driven by surging global AI computing infrastructure demand, further supported the positive market sentiment.

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