Stock Track | MONTAGE TECH Soars 8.80% Intraday on AI-Driven Memory Interface Demand and Citi's Bullish Outlook

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MONTAGE TECH's stock surged 8.80% during intraday trading on Thursday, reflecting strong investor optimism.

The rally follows a Citi research report highlighting that growing demand for CPU-based servers, coupled with potential catalysts from new developments in agentic AI applications, is expected to drive increased usage of DIMM memory modules. This trend is seen as beneficial for the company's memory interface business, providing upside potential and supporting profit growth for this year and next.

Citi currently assigns MONTAGE TECH a "Buy" rating with a target price of HK$205. Earlier analysis also indicated that with the advent of the AI era, the company's interconnect chip business is poised for significant high-speed growth, driven by upgrades in memory interface technology and advancements in PCIe standards.

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