[Goldman Sachs Bullish on Murata: Strong AI Data Center Demand Boosts MLCC Market Outlook] According to a report by Jinse Finance on June 23, Goldman Sachs highlighted in its latest research note that orders for multilayer ceramic capacitors (MLCC) from Japanese passive component giant Murata Manufacturing Co. remain at high levels, with AI servers and data center demand continuing to be the primary drivers. The firm stated that, against the backdrop of MLCC capacity utilization rates staying at 90%–95% and ongoing improvements in the structure of high-end products, Murata's profitability in the second half of the year may see further acceleration. Goldman Sachs maintains its "Buy" rating and strong recommendation list qualification for Murata Manufacturing Co., with a 12-month target price of ¥12,600.