A Chinese chip maker’s shares surged 466% in their first day of trading as AI boom worm turns

Source: Biztoc.com· fortune.com· July 27, 2026
A Chinese chip maker’s shares surged 466% in their first day of trading as AI boom worm turns

Shares of CXMT, China’s largest memory chipmaker, shot skyward Monday as they began trading in Shanghai in mainland China’s biggest initial public stock offering in recent years. CXMT’s shares surged 466% in their first day of trading. The company has become …

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