Montage Technology's stock soared 5.08% during intraday trading on Wednesday, continuing its strong performance amid a global AI computing investment supercycle.
The rally is driven by multiple factors including Goldman Sachs raising its 12-month target price for the company's shares by 14.2%, citing Montage as an undervalued AI memory interconnect chip leader. In the first quarter of 2026, the company reported revenue of 1.5 billion RMB with AI-related new product revenue surging 93.8% year-over-year.
Montage holds a dominant market position with 38.2% global share in DDR5 memory interface chips, ranking first worldwide, while its PCIe Retimer ranks second globally and CXL chip market share exceeds 50%. As the sole Chinese enterprise on JEDEC's board, the company is leading the MRDIMM international standard development, further strengthening its position in the AI server memory ecosystem.