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Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages

Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages illustration

Chinese chipmaker CXMT soars 500% on debut as AI fuels shortages China’s leading memory chipmaker CXMT became the most valuable company in mainland China after soaring more than 500% on its market debut Monday, underscoring how AI demand is boosting the semiconductor sector.

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