CXMT shares surged more than 500 per cent in their Shangahi debut on Monday (Jul 27), highlighting strong investor backing for a homegrown chip champion.

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 STAR Market’s largest IPO mints massive windfalls for early backers while draining liquidity from broader Chinese indexes

China's largest memory chipmaker made a blockbuster debut on the Shanghai Stock Exchange's STAR Market on Monday as experts pointed to growing signs of a structural bull run in…