China just got a new king of listed companies. 👀💀
Changxin Memory Technologies (CXMT) has reportedly overtaken Tencent to become the most valuable Chinese listed company.
Tencent fell 4.46% to HK$441, bringing its market cap down to around ¥3.44T.
Meanwhile, CXMT slipped just 1.20% but still reached around ¥3.54T in market cap.
I find this flip pretty crazy: a semiconductor company overtaking one of China’s biggest internet giants shows just how much the market is repricing memory chips and AI infrastructure.
Tencent: “I have billions of users.”
CXMT: “Cool. I have memory chips.” 💀
Bro, do you think this is a sign that semiconductors are entering a new supercycle, or is CXMT being priced too hot?
#BrainrotCrypto #CXMT
Changxin Memory Technologies (CXMT) has reportedly overtaken Tencent to become the most valuable Chinese listed company.
Tencent fell 4.46% to HK$441, bringing its market cap down to around ¥3.44T.
Meanwhile, CXMT slipped just 1.20% but still reached around ¥3.54T in market cap.
I find this flip pretty crazy: a semiconductor company overtaking one of China’s biggest internet giants shows just how much the market is repricing memory chips and AI infrastructure.
Tencent: “I have billions of users.”
CXMT: “Cool. I have memory chips.” 💀
Bro, do you think this is a sign that semiconductors are entering a new supercycle, or is CXMT being priced too hot?
#BrainrotCrypto #CXMT