MONTAGE TECH's stock price surged 5.04% during intraday trading on Thursday, continuing its recent strong upward trend in the market.

The rally is primarily driven by the ongoing global storage chip super cycle, which is being fueled by surging demand for AI infrastructure. Major US technology companies including Google, Microsoft, Amazon, and Meta have collectively signaled approximately $700 billion in capital expenditure for this year, creating bullish sentiment across memory-related stocks worldwide.

Fundamentally, Montage Technology reported strong first-quarter results with revenue growth of 20% and net profit growth of 60%, driven by an increasing mix of higher-margin DDR5 products. The company's gross margin reached 69.8%, significantly exceeding expectations. As the leading domestic memory interface chip supplier with deep integration with major manufacturers like Samsung, SK Hynix, and Micron, the company is well-positioned to benefit from accelerating AI compute infrastructure development by domestic internet giants.