{"id":561838,"date":"2026-07-27T12:48:08","date_gmt":"2026-07-27T12:48:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/561838\/"},"modified":"2026-07-27T12:48:08","modified_gmt":"2026-07-27T12:48:08","slug":"ai-memory-demand-lifts-cxmt-to-chinas-most-valuable-company","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/561838\/","title":{"rendered":"AI Memory Demand Lifts CXMT to China\u2019s Most Valuable Company"},"content":{"rendered":"<p>    <a href=\"https:\/\/s.yimg.com\/lo\/mysterio\/api\/AA580E97F08D0AA09D110183F9A84FDDCE1396B32BA9711A381286ED37254D46\/subgraphmysterio\/resizefit_w960;quality_80;format_webp\/https:%2F%2Fmedia.zenfs.com%2Fen%2Fbeincrypto_us_662%2F66a2a544e5d5c4101834b0dc0d25f282\" target=\"_blank\" rel=\"noopener noreferrer nofollow\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/ywAAAAAAQABAAACAUwAOw==\" alt=\"Photo by BeInCrypto\" height=\"540\" width=\"960\" class=\"yf-j98iil loader\"\/><\/a> Photo by BeInCrypto           <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">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.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The Hefei-based company raised 57.92 billion yuan, or about $8.6 billion, in Asia&#8217;s largest initial public offering this year. Investors bid it up as memory prices climb amid demand for artificial intelligence.  <\/p>\n<p>            CXMT Stock Surge Shows Investors Still Chasing AI Memory Trade          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">CXMT priced its shares at 8.66 yuan and opened at 49.50 yuan. Only 6.73% of its enlarged share capital trades freely at listing, Reuters reported.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Individual investors submitted 9.4 million orders worth 7.07 trillion yuan. That demand oversubscribed the retail tranche 212 times. The retail order book was roughly 10 times larger than SpaceX&#8217;s, which set the record for the largest IPO ever.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">CXMT now ranks as the most valuable company listed in China. It displaced Industrial and Commercial Bank of China (ICBC), which previously held the top spot.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Follow us on X to get the latest news as it happens  <\/p>\n<p>            CXMT Debuts Into Surging AI Infrastructure Demand,          <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The financials behind the pop trace to surging global memory demand. CXMT posted a first-quarter operating profit of 35.43 billion yuan, against a 2.83 billion yuan loss a year earlier.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">The surge came as contract prices for conventional DRAM climbed roughly 93% to 98% quarter over quarter in the first quarter, TrendForce reported. Industry revenue rose 81% over the same period to $97 billion.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">CXMT ranks as the world&#8217;s fourth-largest DRAM producer. The company held a 7.67% share of the global DRAM market in 2025, according to its prospectus. Samsung, SK Hynix, and Micron together controlled about 90% in the first quarter of 2026.  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Subscribe to our YouTube channel to watch leaders and journalists provide expert insights  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\"><iframe loading=\"lazy\" title=\"Arthur Hayes: Why NVIDIA Earnings Proves The AI Bubble Has Years Left To Run\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/U17xd57Biiw?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>  <\/p>\n<p class=\"text text-block paragraph text-left neo-font-paragraph-xl-reg  yf-18d6y07\" style=\"text-decoration: none; font-style: normal; text-transform: none; text-align: inherit; font-variant-numeric: normal;\">Read the Original story <a href=\"https:\/\/beincrypto.com\/cxmt-ipo-debut-ai-memory-demand\/\" data-ylk=\"slk:AI%20Memory%20Demand%20Lifts%20CXMT%20to%20China&#039;s%20Most%20Valuable%20Company;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;AI Memory Demand Lifts CXMT to China&#039;s Most Valuable Company&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">AI Memory Demand Lifts CXMT to China&#8217;s Most Valuable Company<\/a> by Kamina Bashir at <a href=\"https:\/\/beincrypto.com\" data-ylk=\"slk:beincrypto.com;elm:context_link;itc:0;sec:content-canvas;source:content-canvas%20default\" data-yga=\"{&quot;yLinkText&quot;:&quot;beincrypto.com&quot;,&quot;yLinkElement&quot;:&quot;context_link&quot;,&quot;yModuleName&quot;:&quot;content-canvas&quot;,&quot;yTrafficOrigin&quot;:&quot;content-canvas default&quot;}\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">beincrypto.com<\/a>  <\/p>\n","protected":false},"excerpt":{"rendered":"Photo by BeInCrypto Shares of Chinese memory chipmaker CXMT rose about 470% on their Shanghai trading debut Monday.&hellip;\n","protected":false},"author":2,"featured_media":561839,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[345,343,344,1657,85,46,8177,254555,125],"class_list":["post-561838","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-china","tag-il","tag-israel","tag-mainland-china","tag-most-valuable-company","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/561838","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=561838"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/561838\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/561839"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=561838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=561838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=561838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}