CLOSED_MARKET: May 14, 16:00:00 HKT
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Lyon initiated coverage on Montage Technology with a HK$447.2 target price, citing strong server CPU demand as the artificial intelligence industry shifts from training to inference workloads.
CLSA initiated coverage on Montage Technology (06809.HK) with a target price of HKD447.2 and an 'Outperform' rating, citing strong server CPU demand from the AI industry's shift to inference. This action led to an 11.194% increase in the stock price.
UBS raised its target price for Montage Tech (06809.HK) from HKD237 to HKD380, reiterating a 'Buy' rating, based on upwardly revised revenue forecasts due to strong AI-driven demand for its memory interface chips.
Hong Kong's recently listed AI stocks, including Montage Technology, Iluvatar Corex, and Qunabox, surged on April 27, reflecting strong investor confidence in the AI sector and a recovering IPO market.
The current price of MONTAGE TECH is $482.39, it has decreased 7.23% in the last trading day.
瀾起科技股份有限公司's current market cap is $36.5B