HK Stock Market Move | Montage Technology (06809) surges over 7% to a new high, the company is expected to fully benefit from the surge in demand for high-speed storage driven by the AI wave.

Montage Technology (06809) rose more than 7% leading storage concept stocks, touching 293 Hong Kong dollars this morning to hit a new high since listing. As of the time of writing, it has risen 7.1%, to 289.6 Hong Kong dollars, with a turnover of 1.09 billion Hong Kong dollars. On the news front, the storage sector of US stocks rose against the trend overnight, with Micron Technology, SanDisk, Seagate Technology, and Western Digital all hitting historic highs on Monday. Earlier on Monday, SK Hynix surged 12% in the Korean market, surpassing the 100 trillion won mark in market value. Analysts pointed out that last week, the announcement from the four US tech giants Google, Microsoft, Amazon, and Meta forecasting $700 billion in capital expenditures this year boosted speculation in Korean storage giants. Guotai Junan Securities (Hong Kong) pointed out that benefiting from the demand of the AI industry, the proportion of new product revenue for the company in 1Q26 continues to increase, driving a 20% increase in revenue and a 60% increase in net profit. Meanwhile, the gross margin of internet products also further improved, showing impressive performance. Looking ahead, domestic internet giants like Alibaba, Tencent, and ByteDance have entered a critical phase of the computing power arms race, with domestic computing power demand expected to experience significant growth in the next three years. Therefore, the DRAM industry has ushered in a new development opportunity. As a leader in domestic memory interface chips, Lianqi will fully benefit from the AI trend driving demand for high-speed storage.