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South China Morning Post

CXMT market cap reaches 4.13 trillion yuan after 12% surge as AI demand lifts memory stocks

AI Market Summary
CXMT's 12% jump to a record valuation reflects a broader AI-driven memory upcycle. SanDisk's investor day strengthened expectations that AI data-center SSD demand will keep NAND/DRAM supply tight, lifting global memory equities and improving visibility on long-term margins. The news supports semis risk appetite and reinforces the market's view that AI infrastructure is becoming increasingly "memory-centric", tightening capacity and sustaining sector momentum.
Impact level
● Medium
Affected assets
NCSKCXMT2USD/USDT+3.65%
AI Insight · NCSKCXMT2USD/USDTAI Insight
▲ Bullish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
ChangXin Memory Technologies (CXMT) rose 12% on Monday to close at 61.80 yuan, pushing its market capitalisation to 4.13 trillion yuan and making it China’s most valuable listed company. SanDisk has gained nearly 30% over the past two sessions as its investor day reinforced expectations that artificial intelligence will keep memory supplies tight, with AI data-centre SSD shipments forecast to hit 1,200EB in 2030. Micron Technology also climbed 6.7%. The broader rally in global memory shares has been supported by optimism around AI-driven demand.
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