Bernstein: Maintains "Outperform" rating on Montage Technology (06809), target price HK$520

Zhitong Finance APP has learned that Bernstein has released its latest in-depth report on Montage Technology (06809), maintaining an "Outperform" rating, raising the A-share target price to 400 yuan, and setting the H-share target price at HK$520. The report believes that as AI applications evolve from single-turn Q&A to an agent model that continuously executes tasks, demand for server CPUs, memory configurations, and high-speed interface chips will rise simultaneously, and Montage Technology is expected to benefit from two main growth drivers: MRDIMM upgrades and CXL memory expansion.