CXMT Soars as AI Memory Demand Skyrockets | Business and Finance News

CXMT just exploded onto the Shanghai stock exchange with a 466% debut surge, closing at 49 yuan after starting at just 8.66 yuan — raising over $8 billion, the largest semiconductor IPO ever on the mainland. Its market value now sits at nearly half a trillion dollars, surpassing even ICBC to become the most valuable company onshore. Trading volume hit a staggering 141 billion yuan on day one. As the world’s fourth-largest DRAM chipmaker — powering everything from phones to AI servers — CXMT is riding the AI boom, forecasting revenue growth over seven times last year and a profit turnaround after a strong Q1. While rivals like Micron ramp up investments, CXMT’s own prospectus warns of risks if AI demand falters or supply floods the market. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ba3ad9b030df777c