Shanghai stock market
Coverage of Shanghai stock market in the Nexus archive.
- Stock market turmoil sheds stark light on the opaque AI economy
The Chinese memory chipmaker CXMT surged 466% in value during its Shanghai stock market debut, reaching 3.3tn yuan (£365bn), sparking investor uncertainty about the dominance of Western chipmakers in the AI sector.
- Stock market turmoil sheds stark light on the opaque AI economy
The stock market experienced significant volatility as investors reacted to the rise of Chinese memory chipmaker CXMT, which surged 466% in value during its Shanghai stock market debut, challenging the dominance of Western chipmakers in the AI sector.
- Elite company: the listed firms that were China’s most valuable before CXMT
ChangXin Memory Technologies (CXMT) became the most valuable company on mainland China’s stock market after its Shanghai trading debut, surpassing a 4 trillion yuan market capitalization. It is the first semiconductor firm to hold the top spot in the market’s 35-year history.