An AI-driven shortage has turned CXMT and YMTC into profit machines, but investors disagree about how to value them

CXMT, China's top DRAM maker, won Shanghai Stock Exchange approval for a $4.2B IPO on the STAR Market after posting 1,688% profit growth in Q1 2026.

China’s top DRAM maker seeks to raise $4.3 billion as an AI-driven memory shortage boosts valuations and opens a window for domestic supplier