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Chinese Chipmaker CXMT Becomes World's Most Valuable Stock After Explosive Market Debut
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ChangXin Memory Technologies (CXMT), a Chinese chipmaker, has become the world's most valuable stock after its explosive market debut on July 27. The company's shares soared 466% on the first day of trading.
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Chinese Chipmaker CXMT Becomes World's Most Valuable Stock After Explosive Market Debut
ChangXin Memory Technologies (CXMT), a Chinese chipmaker, has become the world's most valuable stock after its explosive market debut on July 27. The company's shares soared 466% on the first day of trading on Shanghai's STAR Market. The company's success has drawn intense scrutiny in Washington, with investors betting that China can successfully build a domestic semiconductor industry. The company's shares are expected to remain volatile in the coming days.
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