China's Star 50 Index, dominated by information technology firms, has become the key gauge for the country's equity market amid the AI boom, outperforming the CSI 300 Index by about 30% this year. The…
China's AI boom is widening regional economic disparities, with tech hubs like Hefei, home to memory chip maker CXMT Corp., driving growth while rust-belt cities such as Changchun face severe slowdown…
Chinese chipmaker CXMT Corp. soared 466% on its market debut Monday, becoming the most valuable company listed in mainland China with a market capitalization of roughly US$490 billion. The state-backe…
Asian chip stocks tumbled on Tuesday, with South Korea's Kospi falling as much as 11% and Samsung Electronics and SK Hynix losing up to 13% and 14%, respectively, as investors pulled back from AI trad…
SK Hynix Inc. shares plunged 38% from their all-time high in June, erasing $470 billion in market value, as investors worry that rising memory costs will force AI customers to seek cheaper alternative…
CXMT Corp., China's largest DRAM memory-chip maker, surged over 500% in its Shanghai debut on Monday, becoming the mainland's most valuable listed company with a valuation of about 3.3 trillion yuan (…
CXMT Corp. can rally 1,239% from its IPO price as it wins market share, Nomura Holdings Inc. says, with analyst Donnie Teng assigning a buy rating and 116 yuan target. The stock surged as much as 535%…
CXMT Corp., formerly ChangXin Memory Technologies, is set to become the biggest China-listed firm on its debut after raising 66.6 billion yuan ($9.8 billion) in a near-record IPO, tapping into investo…
Investor sentiment on China technology hardware has fallen to its most bearish level in over four years as the rally in chip stocks rapidly cools, according to Bloomberg. The Star 50 Index's fear/gree…