Chinese chip maker CXMT stock surges 470% on first day of trading in Shanghai

Changxin Memory Technologies (CXMT), China's leading memory chip maker, surged 470% on its first day of trading on the Shanghai Stock Exchange, becoming the most valuable company listed there. The meteoric rise comes amid the global race to develop artificial intelligence infrastructure.

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📈 Business Chinese chipmaker shares surge 470% in blockbuster stock market debut BBC World · 2d ago 💻 Technology Chinese chipmakers CXMT and YMTC flex muscle in AI-driven memory boom TVN24 · 4d ago 📈 Business China's chip maker CXMT to raise nearly $10 bn in Shanghai IPO NYT Business · 14d ago

More on this topic

📈 Business Chinese chipmaker shares surge 470% in blockbuster stock market debut BBC World · 2d ago 💻 Technology Chinese chipmakers CXMT and YMTC flex muscle in AI-driven memory boom TVN24 · 4d ago 📈 Business China's chip maker CXMT to raise nearly $10 bn in Shanghai IPO NYT Business · 14d ago