澜起科技（Montage Technology Co Ltd） – Recent Market Developments

1. Fund‑Level Exposure

• 永赢科技智选（Yongying Tech Smart Selection）

  • In its third‑quarter 2025 report, the fund disclosed 澜起科技 as a new entrant to its top‑ten holdings.
  • The fund’s net assets surged from 11.66 billion CNY at the end of the second quarter to 115.21 billion CNY at the end of the third quarter, an 888 % increase.
  • 澜起科技’s inclusion aligns with the fund’s focus on cloud computing and AI infrastructure, sectors that have attracted significant institutional capital.

• 其他机构持仓

  • The China‑based ETF tracking the China Artificial Intelligence Theme Index (930713) recorded a 5.35 % gain on 24 October 2025.
  • 澜起科技, along with peers such as 新易盛, 中际旭创, and 天孚通信, contributed to the index’s upward movement, reflecting broader bullish sentiment toward AI‑enabled semiconductor supply chains.

2. Stock Performance

• Price Movements

  • On 24 October 2025, 澜起科技 closed at 136.42 CNY, within the 52‑week range of 61.8–169.9 CNY.
  • The stock experienced a 5 %+ rise on that day, matching the performance of other high‑cap AI hardware names such as 天孚通信 and 中科曙光.

• Valuation

  • The company’s price‑to‑earnings ratio stands at 71.41, indicating premium valuation relative to the broader market.
  • Market capitalization is approximately 154.73 billion CNY, placing 澜起科技 among the larger players in the Shanghai Stock Exchange.

3. Industry Context

• AI Chip Demand

  • Recent announcements of large AI‑chip orders, notably Google’s provision of 1 million TPU chips to Anthropic, underscore escalating demand for advanced semiconductor solutions.
  • This macro backdrop supports a continued focus on companies that provide AI‑centric hardware, including 澜起科技.

• ETF Exposure

  • The 科创芯片概念ETF (which tracks chip‑focused growth stocks) recorded a 2 %+ gain on 24 October 2025, with 澜起科技 rising more than 5 %.
  • This ETF’s performance reflects investor confidence in the chip‑innovation theme, which benefits companies like 澜起科技 that supply key components for AI workloads.

4. Outlook

• Institutional activity, evidenced by fund‑level holdings and ETF performance, suggests sustained interest in 澜起科技’s product portfolio.
• The company’s valuation remains high, implying that significant upside would require continued revenue growth or a shift in market sentiment.
• Ongoing developments in AI infrastructure, such as large‑scale chip orders and cloud computing expansion, may reinforce the strategic relevance of 澜起科技’s offerings.

This article synthesizes publicly disclosed financial data and recent market activity related to 澜起科技 (Montage Technology Co Ltd), focusing on institutional holdings, stock performance, and industry context.