CXMT Shares Surge 472% in Shanghai Debut, Valuation Hits 3.3 Trillion Yuan

@financialjuice

CXMT inks five-year ByteDance supply agreement valued over $7 billion: sources

@financialjuice

CXMT plans expansion that may more than double monthly wafer output: sources

@business

Investors are looking to Monday’s trading debut of CXMT to help renew a rally in Chinese semiconductor stocks that has been on pause ahead of the memory giant’s IPO

@cnbc

China's largest memory chipmaker sparks fears of a cash drain before blockbuster IPO

@teortaxestex

Lmao I think this isn't just about CXMT's strength (which is obvious given their near monopoly position). It's that Huawei has competitors. it's not clear they "deserve" chips more than half a dozen other supernode vendors.

@reuters

The global buildout of AI data centers has transformed memory chips into one of the world's most sought-after products, sparking battles over pricing and a scramble for supply. China’s chip makers are now picking clients and dictating price

@reutersbiz

The global buildout of AI data centers has transformed memory chips into one of the world's most sought-after products, sparking battles over pricing and a scramble for supply. China’s chip makers are now picking clients and dictating price

@reuters

China’s memory chip makers ride AI boom to new power — and U.S. scrutiny

@wallstengine

CHINESE MEMORY IS NO LONGER THE CHEAP ALTERNATIVE China’s largest DRAM maker, CXMT, is reportedly charging more than Samsung’s roughly $1,240 price for comparable 64GB DDR5 server memory modules. CXMT spent years competing as a cheaper, s

@wallstengine

Reuters: For months, Chinese chip manufacturer, CXMT had been hiking prices on Huawei, one of the country’s biggest technology companies. The chipmaker held firm when Huawei demanded relief from the escalating costs, according to two people

@stocksavvyshay

China’s largest DRAM maker CXMT is reportedly charging more than Samsung for comparable 64GB DDR5 server memory. The company has also secured over $10B in long-term deals with ByteDance and Tencent as AI demand tightens supply. https://t.c

@reuters

How the 'twin stars' of China, CXMT and YMTC, changed the chip game

@jukan05

Advance notice: CXMT is going public tomorrow.

@jukan05

@psyduckcapital I wouldn’t be surprised if it hits a 5 trillion RMB valuation on its first day of trading.

@jukan05

@psyduckcapital They say the Korean stock market fell on Friday because Chinese funds sold stocks to participate in the CXMT IPO. We’ll have to wait and see whether it falls again tomorrow.

@jukan05

@zephyr_z9 Korean sell-side analysts say that if CXMT commands a high valuation, Samsung and SK Hynix will also be rerated higher—but we’ll see.

@zephyr_z9

@jukan05 i also believe this, but in the short term, flows will go down

@jukan05

Nomura just initiated coverage on CXMT, assigning it a price target of RMB 116 and arguing that it deserves a 20x P/E multiple—twice Micron’s valuation. That implies a 13.4x increase from the IPO price and a market capitalization of roughl

@zephyr_z9

IPO market cap - $85B Nomura - $1T 🤣🤣🤣🤣🤣

@zephyr_z9

CXMT will start trading in 3 hours It will be the craziest IPO I have ever seen

@photoncap

insanely expensive

@reuters

China memory chipmaker CXMT set for Shanghai debut after Asia's biggest IPO

@business

CXMT is set to begin trading in Shanghai on Monday after raising 66.6 billion yuan ($9.8 billion) in the second-largest IPO in China’s history, with potential for a first-day gain that would make it the largest company in the country https:

@firstsquawk

China’s chipmaker CXMT expected to jump roughly 470% at Shanghai listing debut.

@firstsquawk

CXMT shares are expected to begin trading near 49.5 yuan, significantly above the IPO price of 8.66 yuan.