Ein weiterer Wettbewerber im KI-Wettstreit ging am Montag in China an die Börse. Aktien von CXMT gewannen am ersten Handelstag bis zu 535 Prozent im Kurs.

CXMT is China’s biggest memory chipmaker and its debut comes amid an AI-driven demand boom that has boosted the stock price of its rivals Micron, Samsung and SK Hynix.

The Hefei-based company raised 57.92 billion yuan ($8.6 billion) after pricing its IPO at 8.66 yuan per share.

China's leading memory chipmaker CXMT became the most valuable company in the mainland after soaring 500 percent on its market debut Monday, underscoring the impact of AI-driven…

CXMT's shares surge after raising $8.6 billion in Shanghai, highlighting China's push for self-sufficiency in memory chip technology.