How did memory chipmaker CXMT become China’s most valuable stock? | Explained
The story so far: A little-known Chinese chipmaker became the world’s most talked-about stock on Monday (July 27, 2026). ChangXin Memory Technologies (CXMT), based in Hefei, saw its shares soar 466% on their first day of trading on Shanghai’s STAR Market. The company sold shares at 8.66 yuan each, raising $8.6 billion. By the close…
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