CXMT soared 466% on day one to become China’s most valuable onshore company
THE SO WHAT
A 466% IPO pop to roughly $485 billion makes CXMT not just a chip story but a national champion signal—memory is now a strategic asset class in Chinese equities. Western buyers should treat Chinese DRAM as a structurally supported supply source, but also model regulatory and export-control risk into long-term dependencies.
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