Montage Technology (06809) saw its shares rise more than 8% during the trading session, leading gains among memory-related stocks. The stock reached HK$294.60 in the morning, setting a new record high since its listing. As of the latest update, the share price increased by 6.81% to HK$288.80, with a turnover of HK$203 million.

KGI Securities (Hong Kong) noted that driven by demand from the AI industry, the company's new products accounted for a growing share of revenue in the first quarter of 2026, contributing to a 20% increase in total revenue and a 60% rise in net profit. At the same time, the gross profit margin for interconnect products further improved, reflecting strong financial performance. Looking ahead, major domestic internet companies such as Alibaba and Tencent have entered a critical phase of computing power competition. It is expected that domestic demand for computing power will experience leapfrog growth over the next three years. As a result, the DRAM industry is facing new development opportunities. As a leading provider of memory interface chips in China, Montage is well-positioned to benefit significantly from the AI-driven surge in demand for high-speed memory.