Woofun AI reports that Citigroup upgraded Murata Manufacturing Co. from "Neutral" to "Buy", raising the target price from 3,900 yen to 15,000 yen due to AI server demand reshaping high-end MLCC growth. AI server GPU boards require nearly 11,000 MLCCs by 2026, compared to 2,000 in regular servers, driving up average selling prices and Murata's 50% market share in high-capacitance segments. The bank projects operating profits of 440 billion yen for FY3/27, rising to 630 billion yen in FY3/28 and 800 billion yen in FY3/29, fueled by shipment volume and product mix improvements rather than broad industry price hikes.