STOCKS | A-Share MLCC Stocks Rise as Goldman Sachs Sees AI Server Demand Boosting Market Growth

China’s A-share MLCC-related stocks traded higher, with several names hitting the daily limit and others posting solid gains. According to Jin10, the move followed a Goldman Sachs research note that described multilayer ceramic capacitors (MLCC) as the third-largest cost item in AI servers after GPUs and memory. In the session, Double Star New Materials, Dongcai Technology, and Fenghua Advanced Technology reached their daily price limit. Boqian New Materials rose more than 8%, while Lihoxing, Sanhuan Group, Jiemai Technology, and Boge Shares also advanced. Goldman Sachs said MLCC demand tied to AI servers has increased the component’s importance in server bill-of-materials costs. The bank forecast that the MLCC market size would expand by about 4.3 times from 2025 to 2030.