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CXMT (state-backed Chinese memory giant) debuts on Shanghai Exchange at ~$489B market cap; surges 466% despite Western valuation skepticism.
Signals China's long-term HBM and NAND capacity ambitions; Morningstar flags 30% downside risk but Nomura sees 3x upside on supply-constraint dynamics.
Trade pressSlicast · July 27, 2026 at 18:47 UTC · US · Source: Tech Times
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