CXMT Overtakes Tencent as AI Memory Demand Drives Chip Rally
Chinese memory giant CXMT has overtaken Tencent Holdings as the most valuable public company in China, underlining the speculative frenzy around memory companies at the moment. The chipmaker debuted on the Shanghai Stock Exchange on July 27, and its shares surged 467 percent on their first day of trading. CXMT’s market capitalization later reached $524…
