Investors have been watching CXMT as a potential disruptor in the memory market. When CXMT debuted on the stock market in July, its shares soared 466%, bringing the company’s market capitalization to just under $500 billion, according to Barron’s. As of Monday’s close, CXMT remained China’s largest company by total valuation, ahead of Tencent and state-owned banks China Construction Bank and Agricultural Bank of China, according to Barron’s.
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