Citi Raises Murata Rating to Buy, Hikes Target Price to ¥15,000 on AI Server Chip Demand

According to Citi on June 30, the investment bank upgraded Murata Manufacturing's rating from Neutral to Buy and raised its target price to ¥15,000 from ¥3,900, citing surging demand for multilayer ceramic capacitors (MLCC) in AI servers. Citi noted that AI server GPU boards may require approximately 11,000 MLCC units by 2026, significantly higher than the roughly 2,000 units used in conventional servers, driven by elevated power consumption and current fluctuations. Citi estimates Murata holds approximately 50% of the high-capacity MLCC market for AI servers and has initiated additional capacity expansions of about 20% beyond routine growth.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments