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Home›US Markets›Equities›China memory chip maker CXMT surges 470% on first day

China memory chip maker CXMT surges 470% on first day

Reported · Written up by our desk · Equities

China’s memory chip maker CXMT jumped 470% at the start of trading, marking an outsized debut for the company on its first day as a public stock.

According to NYT Business, the surge lifted CXMT to become the most valuable company on the Shanghai stock exchange in early trading, reflecting investor attention tied to China’s artificial intelligence race.

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Sources

NYT BusinessChina’s CXMT Stock Soars 470% in Start of Trading, Amid A.I. Race

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