China's CXMT Stock Soars 470% on Trading Debut, Becomes Shanghai's Most Valuable Company

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Finance

27 July 2026 at 7:23 pm

China's CXMT Stock Soars 470% on Trading Debut, Becomes Shanghai's Most Valuable Company

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Summary

China's leading memory chip maker, CXMT, saw its stock soar 470% on its first day of trading, making it the most valuable company on the Shanghai stock exchange amidst the AI race.

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