China's CXMT hits a $500B market cap after a 500% IPO surge. Apple is testing its DRAM chips as the memory giant aims to rival Micron.

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.

ChangXin Memory Technologies begins trading on Shanghai's STAR Market with an $85 billion valuation, tripling its DRAM market share and

State-backed DRAM supplier rides AI boom to record IPO despite valuation concerns

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…