POPA ReconCXMT Overtakes Tencent to Become China’s Most Valuable Company
CXMT Overtakes Tencent to Become China’s Most Valuable Company CXMT has overtaken Tencent Holdings to become the world’s most valuable Chinese company, highlighting the growing investor appetite for AI-related hardware and semiconductors. The Chinese memory-chip maker is now valued at $524B, surpassing Tencent’s $510B market cap. CXMT’s shares surged 467% on debut and have gained another 8%, as investors view the company as a key proxy for China’s AI ambitions and semiconductor self-sufficiency. CXMT is also the world’s fourth-largest producer of DRAM, a critical component for smartphones…
The excerpt is quoted from a public Telegram channel, which owns its text.