Business · 1h ago
CXMT Soars 466% in $484B Stock Debut, Becomes China's Most Valuable Listed Firm
ChangXin Memory Technologies (CXMT) surged 466% on its Shanghai stock exchange debut, pushing its valuation to $484 billion. The Chinese memory chip maker now holds the title of the most valuable company listed on the exchange. The massive rally reflects investor enthusiasm for domestic semiconductor firms amid US-China tech tensions.
Meridian48 take
The eye-popping valuation defies fundamentals and mirrors the frenzy around Chinese chip stocks, but CXMT's long-term viability hinges on overcoming technology sanctions and competing with global giants like Samsung and SK Hynix.
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Chinese RAM company CXMT makes a $484 billion stock market debut →
The Verge
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