China's Chip Champion Keeps Climbing: What This Means for Global Tech Markets ChangXin Memory Technologies (CXMT) has reached a record high after its shares surged 12% in recent weeks, catapulting the company to a market capitalization of over $4.
13 trillion and cementing its position as China's most valuable listed company.
The sector driven jump in CXMT shares can be attributed to SanDisk's investor day, where the NAND maker forecasted solid long term growth and margins based on strong quarterly results earlier this month.