AI Memory Demand Lifts CXMT to China’s Most Valuable Company

AI Summary Shares of Chinese memory chipmaker CXMT rose about 470% on their Shanghai trading debut Monday. The move lifted its market value to roughly 3.3 trillion yuan. The Hefei-based company raised 57.92 billion yuan, or about $8.6 billion, in Asia’s largest initial public offering this year. Investors bid it up as memory prices climb amid demand The post AI Memory Demand Lifts CXMT to China’s Most Valuable Company appeared first on BeInCrypto . fulltext: 453 chars | fulltext source: rss-fallback | summary method: extractive Original: https://beincrypto.com/cxmt-ipo-debut-ai-memory-demand/ Source: BeInCrypto